Expanding a business can be difficult. You may not know what direction to take it in or how to even expand. There are many questions that are probably running through your head.
For many businesses, growth equals success. It creates new opportunities, more customers and generates greater profits. However, expanding your business isn’t without risks. You should carefully consider the pros and cons of expansion before pursuing business growth.
We spoke to female business and life coach, Ryma Krimi, founder of Entrepreneur Lady Hustler, who has successfully expanded her business.
She says: “Even before I started, I knew I would win. I trusted the next chapter because I knew who was the author, me. Do you feel like you were meant to be successful since day one?
There is no magic bullet. There is no one-size-fits-all prescription to succeed. But there are certain qualities that incredibly successful people share…especially those who make a significant impact on the lives of other people in the process.”
Ryma shares with us what she has learnt from expanding her business.
You relentlessly seek new experiences
To succeed, you want to be able to regulate your impulses while also having the imagination to see what the future would be like if you tried something new.
So go ahead. Embrace your curiosity. You’ll be healthier, you’ll have more friends, and you’ll be generally more satisfied with life.
You don’t think about work/life balance, you just think LIFE
Your business is your life, just like your life is your business, which is also true for family, friends, and interests. So there is no separation because all those things make you who you are.
Incredibly successful people find ways to include family instead of ways to exclude work. They find ways to include interests, hobbies, passions, and personal values in their daily business lives.
If you can’t, you’re not living… you’re just working.
Don’t think you have to work 40 hours a week to succeed
Studies show that working more than 40 hours a week decreases productivity. Successful people work smarter, sure, but they also outwork their competition.
There will always be people who are smarter and more talented than we are. Successful people simply want it more. They’re ruthless, especially with themselves. They work smarter and they also work harder. That’s the real secret of their success.
Don’t fear failure
Fear being in the exact same place next year as you are today. Strive for more than staying in your comfort zone. You can be more and you can achieve more! I’m sure you don’t want to be going through the same hardships this time next year so don’t be scared to go after what you want.
You can achieve anything you set your mind to. But the real question is: Do you believe in yourself?
If you’d like to find out more about how Ryma can help you with scaling your business, check her out on Entrepreneur Lady Hustler.