At some point you've probably been asked which is better in comparison to something...quantity or quality? At face value an overwhelming number of people would rightfully choose quality. After all, isn't one great thing better than 10 that aren't very good at all?
The last thing most people think about when starting a business is how they will end it. Yet, in many ways you should consider how everything you do from the beginning will affect your ability to exit the way you want. Let's assume that after many, many happy years of running your business, the time has come to sell and move on to a different phase of life. Here are some things you might consider from the onset that could make a big difference in your experience moving on.
Before you start a business, it is important to consider the things that will be required to be successful in that business. This is especially true when the business requires that you interact with people, and it is pretty hard to find any business completely absent of that. JumpBunch, for instance, is a business where people drive things from every angle, almost like the wheels on a car. If one tire is low, it affects the performance of the vehicle as a whole. A blowout of a tire stops you in your tracks. By carefully considering what has to be done for success, considering if you are able to do it, and realistically asking if you will do it, the road to owning your own business can be one that leads you to where you want to go instead of where you simply end up.
People are drawn to business opportunities for a number of reasons. In JumpBunch, for instance, we obviously get many who are interested simply because it is an opportunity to work with kids. That passion can be a great fuel to propel you towards the possibility of doing something that you love and making a difference. It can't be the only fuel though. Any successful business has to make money. It doesn't necessarily have to be six or seven figure money, but it does have to be enough on the profit side, however you individually may define that.
Dave Ramsey is an expert on business success. He created the term "entreleader" as a blend of the pure entrepreneur and the pure leader. The concept that was spawned from the best selling book Entreleadership is now a full blown enterprise aimed at improving the "process of leading to cause a venture to grow and prosper". One of his beliefs is that anyone can create great success for themselves and/or their business by applying three specific things properly. They are focus, intensity, and time.