There’s an allure, a prestige…
But big game hunting in the business start-up world is more often than not a bad idea.
But don’t we all want to “bag the elephant”, as Bud Fox called it in the movie Wall Street?
Won’t it solve all our cash flow problems and afford us a well-deserved vacation?
And the answer, of course, is: it depends…
John Maxwell talks about ‘The Law of the Big Mo’ in his book “The 21 Irrefutable Laws of Leadership”. It states that Momentum is a leader’s best friend.
Leaders always find a way to make things happen. They get lots of small wins and build momentum.
At some point you’ll be able to ‘bag the elephant’, but probably not until your company has reached a critical mass to absorb it. It’s up to you to know when that is. Until then, you should keep hitting singles and winning deals. It’s the best way to scale a company.
Whatever stage you’re at in business, you need to be all over the numbers. In posts like this, we aim to offer bite-size food for thought – but in a few hundred words, we can only do so much.
If you’re ready to build your financial muscle, how about a FREE copy of James Vanreusel’s (highly-acclaimed) book for CEOs?
The #1 Key to Creating a Thriving Business takes you through the challenges of growing and scaling your company, from first to last. And you can request your copy here – no hidden fees, no strings.