As a self-employed business owner myself, i have been in business for a number of years now. I have learned a lot about business growth, my business, myself, and the economy, and i’d like to share some of that knowledge with you.
First, I am an advocate of getting the best business advice from local experts in your local business community. I have several business-level books that I recommend to my clients, and I have also been fortunate to have an extremely diverse business career. So I am not just a self-employed entrepreneur, I am an entrepreneur with a range of business experience.
I tend to think of business as an endless series of decisions made over the course of years that we build up over the course of a life. We make decisions about how to spend money and how to spend our time. We make decisions about how to invest and how to invest in our businesses. And we make decisions about how to make our clients happy. This is the business side of the equation.
All of the decisions that most businesses make are about either increasing demand for their products or increasing supply. But there’s also a lot of decisions that we make that are more about increasing the potential for our business to be successful. In other words, we make decisions about how to expand our customer base, how to increase our market share, and how to find new ways to improve our business.
Increasing demand is pretty easy. We can buy more product, or more employees, or more customers, or whatever. The harder part is increasing our supply. This is where you have to consider the people that you’re hiring.
The reason we hire people who are able to do the job is because we want to have a culture where we feel like a part of the customer base. We want more people to come into our business. We want to grow our business.
What we’re seeing right now is that people are either getting out of jobs as fast as they can or they’re being laid off. While it’s obviously true that demand is at a high right now, it’s also true that the unemployment rate is at a very low. This means that demand is not growing as fast as it could be.
If we can achieve all that growth in our business, then the unemployment rate will naturally start to drop. Our businesses are not going to be able to meet demand if they cannot meet their own needs. Therefore we need to create growth for ourselves. Now you might be thinking that in order to do this, we need to take these numbers, put them into a spreadsheet, and find the optimum numbers for our business. That’s not what we’re doing here.
The first step is to get the numbers right, and that means looking at the actual growth rate of the overall economy. We need to look at the following key metrics: Gross Domestic Product (GDP), Gross National Product (GNP), Sales Figures, and Consumer Confidence. For the most part we’re going to look at the GDP because it is the most commonly tracked economic statistic.
