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February 06, 2004
When they finally caught the car
The Small Business Blog has a link to an excellent article at WSJ.com on the perils that small businesses must plan for when they face explosive and sudden growth.
Stories like this remind me of one of my favorite business parables: There once were two old dogs on a farm that spent their days chasing every car that passed by. Day after day, week after week, month after month, year after year, they chased cars all day long. Then one day they actually caught one. At that moment one of these old dogs turned to the other and said, ?Hey, we finally caught one of these things!! But what the heck do we do now????!!!?
Posted February 6, 2004 12:55 PM
Comments
This article really captures the other side of starting your own business--not the failure of one--but the success! I think it could be very scary to realize you are really succeeding at your business. It raises the bar and expectations of your self, your partners (if any), investors, etc. And if it happens "overnight", you have to be prepared to turn to people who can be trusted to assist you. Not everyone (even sometimes your own family) have the same ethics, business sense, goals as you do. That to me is scary.
Posted by: Lisa at February 6, 2004 03:37 PM
at Belmont University in Nashville, Tennessee. He consults with a variety of businesses on start-up and growth related issues, and with larger corporations on re-establishing entrepreneurial cultures within their organizations. Dr. Cornwall's current research interests include entrepreneurial finance and entrepreneurial ethics. He has authored or co-authored four books.
