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Wanna find out how I failed miserably at starting my multi-million dollar business back in 2009? I got the biggest wake-up call of my life when it came to starting a business and growing it to the six and seven figure mark. What do you think is the REAL reason many business won't ever make it or surpass that level? I share it here in my recent blog post.

 

Talk to me, leave me your comments in the blog, let's begin pushing past GO!

-Katrina

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Facing the Truth.....

As business owners, we are accustomed to facing challenges -- daily. In most cases, we work through them and even though they are temporary fixes - it helps to keep things afloat even just for a short period of time. Financial worries are often a worry of small business owners regardless whether the business is a success, if it's thriving or just barely making it through. The point is we have all had our moments where we celebrate the good times and shortly after face a potential crisis that may change the direction and growth of the business. Somehow, it works out.However, we have a huge dilemma. It appears that Wall Street is going through a major turbulence. Our government is trying to figure out a way to keep it all afloat. Like small business owners, we may rob Peter to pay Paul - the government is literally robbing us to pay the big guys. Small businesses have quite the challenge to gain loans, contracts, grants and forbid a BAIL OUT. We have to be innovative - stretch our resources - just make it happen.The truth is there is going to be a tough road ahead for Small Businesses. We must accept that we have to be even more innovative:• avoid taking on more financial burdens (hold off on buying new equipment and furniture, etc.)• keep a close watch of your inventory (no need to order more pens and pencils - look in your draw and pull out that pen)• bring your lunch to work• try to conserve energy - keep the lights off in areas that are not in use (bathrooms, empty offices, kitchen/dining area, etc.)• Use the supplies wisely (when a blank paper comes through the printer - put it back in the bin for printing)It is important to understand that every penny counts. The truth is we need to be in control of the things we can change - our habits. We will feel the brunt of this 700 Billion Dollar Bail Out - other businesses will be taking it easy until they feel confident to resume doing business as they were before this crisis. facing the truth is to acknowledge what most of us already know -- although the politicians have said and will continue to say that Small Businesses are the backbone of our Country -- they have done very little to ensure that we have the same resources available as the major companies - we're on our own and it's time to face the truth.
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