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10 things to do right now...
What does that mean exactly? No doubt when starting out, you will have heard how you should "start with the end in mind"? Coming from experience, it's really hard to do that without knowing what the "end" can look like.
A little while ago, I came across this. according to recent statistics in the Wall Street Journal from the Center for Women's Business Research in the U.S., there is only 3% of women-owned businesses with a revenue of $1million or more in The Million-Dollar Club... (and I bet that percentage is a whole lot smaller again if being the only breadwinner for the family is also taken into account)
Lets look at how well your Business sells its stuff. What I mean by that is. have you been able to make a go of your Business? Is your business making a profit? How does your Business make money?
Offline? Online? Or is it a combination?
Do you have a strategy for both? Do you have numbers and statistics for both?
How do they complement each other?
We all know the rhythm of life: birth, growth, and inevitably, death. Owning and running a business follows the same pattern – with one outstanding difference. The business lifecycle lets you choose what the finish looks like and when it will happen, but only if you “start with the end in mind”, according to exit strategist and business broker Denise Hall.
So topical have the challenges of balancing business and motherhood become, the media is abuzz with catchphrases for those striving to achieve it. Terms such as “mumpreneur”, “WAHM (work at home mum)” and “mummy millionaires” are now common euphemisms for women who seem to be getting the balance right – or are at least trying to.
Reading this "Pick your Exit Strategy" article in the Weekend Australian on Sunday had me reflecting on how much input I want to have in my own personal Exit Strategy...
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