Sunday Independent (Ireland) - Business & Appointments - - FRONT PAGE -

Run­ning a busi­ness can be lonely. It can be hard to see the full pic­ture. Sur­round your­self with trusted ad­vis­ers who can help look at sit­u­a­tions from a va­ri­ety of an­gles and of­fer dif­fer­ent per­spec­tives. They can also help shine a light on the ar­eas you do not have ex­per­tise in. For most new com­pa­nies growth does not hap­pen at a con­sis­tent level year-on-year. Busi­ness tends to grow in two phases. There is the in­cu­ba­tion phase where it is about fig­ur­ing out the of­fer­ing and the model. Af­ter this for­ma­tive pe­riod you can start to sell hard. Growth then tends to oc­cur quite rapidly. If plot­ted on a graph it takes a steep up­ward curve in the shape of a hockey stick. The first 10 peo­ple you em­ploy in a new busi­ness are crit­i­cal to its growth and de­vel­op­ment. But don’t be afraid to lose some of these if they are not suited to the busi­ness or do not have the level of pas­sion re­quired. You must have the right team in place once you en­ter the growth phase.

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