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It’s Small Business Week in the US, April 30 – May 6, a time to celebrate entrepreneurs and startups for their big ideas and their unrelenting drive to bring them into reality. It’s also an ideal opportunity for entrepreneurs to share experience, inspiration, and the challenges you’ve overcome to make your business a success.
We asked EO members what lessons learned or best practices they would share with other small business owners. We also asked how membership in EO’s global network provides value by empowering them to confide in their peers in the confidential space of EO Forum, which can help entrepreneurs move forward through challenges to achieve their full potential. Here’s what five EO members shared:
The CEO is the limit of any business
Over the last 15 years, I’ve had to alter my business model and pricing structure a few times to adjust to rising overhead costs, client needs and staffing requirements. Our business has grown at the speed of cash, slowly and steadily. My EO membership has helped me continue to grow to the next level as my company surpassed the 7-figure mark. Never did I dream that we would be in such a position, but our online auction offering sent revenue skyrocketing. That kind of business growth requires growth on behalf of the leader; EO has been a big part of that. The support of my EO Forum mates — who have experience beyond my years — has expanded my capacity for success and taught me to look at business in a new way.
Being a small business owner is both art and science. Keeping a close eye on the numbers, analyzing what those numbers mean, anticipating the needs of your industry, appealing to clients, and hiring and keeping exceptional staff members are all vital for business owners. I am constantly learning, growing, and getting better as my business grows. The CEO is the limit of any busi… Read More
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