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Have you ever wondered, "When is it time to quit?" Join me, Jay Allen, in the latest #ADDAZERO Podcast episode. We dive into when pursuing your passion project needs a reality check and how to know if you're in a niche too tiny to scale. Let's assess your business goals, understand the market size, and determine if it's time to review, revise, and progress. Get ready to unlock sustainable growth and learn when shedding the old is key to embracing the new!
Here are three key takeaways:
Market Size Matters: Assess the size of your industry and determine whether your niche is big enough to achieve your desired impact. Sometimes it helps to recognize if your passion project is simply that—a project, not a scalable business.
Identify the Bottleneck: Understand where your business might hit a plateau. If substantial investment or other resources are required to grow beyond a certain point, it's crucial to re-evaluate your strategy.
Embrace Change: To reach the next level, you may need to let go of current practices. Learning to quit the methods that no longer serve you allows for new approaches that align with your growth trajectory.
#Business scale, #Quitting, #Right reasons, #Business model, #Passion project, #Lifestyle business, #Market supremacy, #Industry leader, #Scalable business, #Business audit, #Glass ceiling, #Infrastructure investment, #Cash regeneration, #Mediocrity risk, #Saying no
I’d love to hear your thoughts and key takeaways from this episode! Share your experiences or any questions you might have — let’s continue the conversation.
Website: https://www.mytruenorth.biz/
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LinkedIn: https://www.linkedin.com/company/mytruenorth/