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Is it Possible to Have Too Much Business
Some people say that if you have too much business, go hire people or pick the cream of the crop. This is a good problem to have, right? Well it's not so easy when you're in the thick of it and still trying to figure it out.
Having too much business can sink a business because you lose quality, stop getting new clients, wear you out, affect your time with family.
There are a lot of companies that grew too fast, got really big, and eventually failed. You can destroy your company by doing too much business. Sometimes it is better to focus and hone in and grow slowly. Be good at 1 thing or be a jack of all trades.
Check out the book Oversubscribed which talks about having to turn people away. There's a power to stopping your growth because everyone wants you.
Marcus and his team are getting behind on projects. He hasn't even had a day off in 3 weeks. He and his family is struggling with it. He even called a client and said, "We're not going to meet that deadline."
You may not be too busy right now, you should have a goal to be in this situation.
Number 1 option is to not do anything and hopefully ride out this storm. The problem with hiring new people is that you don't know if you are going to be this busy. When you hire somebody, you are telling them that they are going to be okay, can pay the rent, and put food on the table.
Number 2 option is to hire people and give the work out as long as he can. Referrals aren't slowing down. But they might need to start marketing.
Number 3 option would be to stop taking on business and just finish this up. They would need to turn people away, but it's hard to turn down a referral business.
Number 4 option is starting a second company and shove some of this stuff off to the second company. The advantage of opening another company would be to improve the reputation of Arial and 360 by keeping the higher quality clients and providing a great referral option without losing out on business.
Stay tuned to find out what Marcus decides to do.
Catch us live each Wednesday on our Facebook page https://www.facebook.com/FailingFilmmaker
Check out our website https://www.failingfilmmaker.com where you can find more resources to take you from failure to success as a business owner and a filmmaker.
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By Marcus See and Bobby Glen JamesSome people say that if you have too much business, go hire people or pick the cream of the crop. This is a good problem to have, right? Well it's not so easy when you're in the thick of it and still trying to figure it out.
Having too much business can sink a business because you lose quality, stop getting new clients, wear you out, affect your time with family.
There are a lot of companies that grew too fast, got really big, and eventually failed. You can destroy your company by doing too much business. Sometimes it is better to focus and hone in and grow slowly. Be good at 1 thing or be a jack of all trades.
Check out the book Oversubscribed which talks about having to turn people away. There's a power to stopping your growth because everyone wants you.
Marcus and his team are getting behind on projects. He hasn't even had a day off in 3 weeks. He and his family is struggling with it. He even called a client and said, "We're not going to meet that deadline."
You may not be too busy right now, you should have a goal to be in this situation.
Number 1 option is to not do anything and hopefully ride out this storm. The problem with hiring new people is that you don't know if you are going to be this busy. When you hire somebody, you are telling them that they are going to be okay, can pay the rent, and put food on the table.
Number 2 option is to hire people and give the work out as long as he can. Referrals aren't slowing down. But they might need to start marketing.
Number 3 option would be to stop taking on business and just finish this up. They would need to turn people away, but it's hard to turn down a referral business.
Number 4 option is starting a second company and shove some of this stuff off to the second company. The advantage of opening another company would be to improve the reputation of Arial and 360 by keeping the higher quality clients and providing a great referral option without losing out on business.
Stay tuned to find out what Marcus decides to do.
Catch us live each Wednesday on our Facebook page https://www.facebook.com/FailingFilmmaker
Check out our website https://www.failingfilmmaker.com where you can find more resources to take you from failure to success as a business owner and a filmmaker.