A service provider or vendor can be an asset or a liability to your business. They either make a contribution to speed up your business growth OR they become a fly in the ointment of your growth. The ability to discern which service provider drives or diminishes your growth is important.
As a business continues to grow, more and more small business owners rely on service providers for their expertise, industry knowledge, and timely service to facilitate business growth. Knowing the type of service provider you're hiring "greases the wheel" for growth or "gums up" growth.
Whether you’re trying to reach $100,000, $250,000, $1 million, or $5 million in revenue, getting to the next level in your business opens up a wealth of opportunities. Getting ahead of day-to-day details and accelerating to the next milestone in revenue is exciting -- once you have a sound growth strategy in place!
Nothing is more frustrating than working 'round the clock and not generating an output equal to your input in your business. Granted, it's common to invest on the front end of your business but, eventually, you want a return. You want to see the business grow.
Business growth is a lot like a human being -- you need to keep growing for survival. In fact, ask 60% of businesses that were listed on the stock exchange since 1980 that are no longer in existence. You'll quickly learn the importance of growing your business beyond survival.