I have often said that the number of years in business are meaningless unless you learn something new each year and apply what you have learnt, keep your company’s revenue streams diverse, implement continuous improvement across your enterprise and ensure profitability. If you do the same thing every year, it doesn’t matter how many years you are in business, it only counts for one year at best!
Finding a good industry specialist coach/consultant who will provide you with a good “no bull” opinion on your company and areas where and how you can improve will be money well spent. This does not necessarily need to cost thousands, but if a recommendation that cost you $1000 saves you thousands throughout the year and increases your net profits, that will be the best $1000 you have ever spent.
Remember, a good consultant lives and dies by how many successful clients they have, so what they charge you is not where they make their money. They will make their money when you achieve success from their recommendations and spread the good
word . So they are a stakeholder in your success just as much as you are.