I happened to visit a Japanese garden a few days back. It was a vast garden with many plantations, artistic designs, landscapes and water bodies. It was a soothing experience, except B when I noticed few bonsai trees. Personally, I don’t like bonsai trees as I feel it cruel to curtail someone’s natural growth for our personal pleasures.
In the ensuing musings my thoughts drifted to business world & suddenly I realized bonsai exists in the business world too. Business owners trim their businesses, they end up keeping business small, what otherwise had inherent potential to become conglomerates. So sad, they bonsai their businesses!!
Many businesses are craving for growth, they have tremendous potential in them, but many time business leaders are the bottleneck. They don’t provide right ingredients, develop conducive environment and pay required attention. It is strange to see this happening because the business is their own offspring, their own creation yet many business owners deprive the business it’s natural growth. It’s almost like forcing the kids not to fully grow and blossom because the parents want them to become what they think is right.
Growth is not just more money as few think. It’s also much more than just higher sales. It is growing to offer a basket of best products and services, it’s growing to serve client needs across different geographies, it’s growing by creating more jobs and having filed number of patents and much more.
People often ask Why do small businesses fail? Or How can small businesses compete successfully with larger businesses?
Here are three key areas that small business owners neglect; focus on improving these and you can take your business to a global scale & prominence.