If you’re like most small business owners you stay up all night wondering if your small business is too small. Here are five signs that your small business is too small. Just remember, it’s not the size of the business, but the motion in the market.
1. You’ve Blamed “Shrinkage” on Low Sales Numbers
Sure, some businesses are growers, not showers, but you better Snapchat us some balance sheets if you want to prove that.
2. You’ve put “Business Balls” on your Business
Come on! We all know those balls are just compensating for a low gross profit margin!
3. When You Submit Taxes, the IRS asks “Is it in yet?”
If your company has achieved full growth then the IRS should feel it when you submit your tax paperwork. If they can’t, you may need to reconsider
4. Your Insurance Policy is Too Big
They don’t make an insurance policy in your size so you’re constantly trying to figure out what to do with all the coverage you don’t need. Tying it off doesn’t work, either. Maybe you can just cancel the insurance policy and hope your accountant doesn’t notice.
5. Your Office is Like a Hot Dog in a Hallway
This is a common issue for many businesses that are first starting out. Because they can’t afford a real office they build a miniature office inside of their house. Unfortunately, many businesses that try this do not have the capital to afford the expensive shrink rays necessary to get their customers into the presentation room. A majority of these businesses fail within the first 3 hours.