How is your family business going? Is it ticking along and just meeting expectations? Are the objectives being realized? Is it continuing to prosper or has it become flat? Is it financially sound? Could it be doing better?
I grew up working in the family business. It was a part of my life from age nine until I graduated from university. Like my father, it became a full-time commitment and responsibility, even when I was in grade school because if we didn’t respond to the daily needs there wouldn’t be food on the table next month. While the business grew organically and became more successful and we had more time to think about areas of expansion or better focus, the only thing we really did know was our family business. Yes, my dad had earlier experiences to build on, but each of those was also a family business.
Something entrepreneurs don’t take time to consider is that there is a wider world out there. Perhaps the paradigm they are comfortable in when viewed within a larger context has opportunities that would otherwise not be feasible because their view is hindered by a narrow focus.
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