While waking up this morning I suddenly found myself having a pen in my hand and scribbling 2 ideas for a new blog post on a piece of paper. Here is the first one.

Probably you can help me out and post as a comment, who had said the following originally.

“If your business doesn't grow it dies.”,

It is certainly true.

As the population grows, as markets grow, someone else will takeover your niche soon. If not, you are in the wrong market and hopefully close to retirement with enough retirement funds saved.

What are the drivers:

• Number of sales
• Average sales price

So why would you like the product of those variables to grow continuously, strictly monotonically?

This is not supposed to be a scientific article. No. I only want to get you engaged thinking about those issues in your own business. So I really only give you a short list and not much more.

Let's start out with a solo entrepreneur, because it's real easy to start thinking from this point on and the rest applies for big corporations as well.

Here is my Top-10 list, why your business needs to grow:

What I mean is quite simple: “Does your Money work for you?” Most people will answer “No, I am working for money!”

A pure capitalist will say that you need to pile up a lot of money, before you can retire and enjoy watching your pile of money continue to grow. So start to save early and once you have a nice sum, let's say 1 or better 2 million British £ Pounds^(*) you take it to the bank, invest it in a great business. And …

… The alarm clock is ringing. It was a dream, now you get up, dress, and go to work — for money? In a very good month you are saving 200 or 300 £ (which probably is quite good), but again the next month, there is nothing left at the end of the month.

You quickly see that you need to follow a systematic approach on how to pile up a nice sum and get it to work for you.

Professional Blogger Chris Garrett has written an excellent series of articles about “Making Real Money Online” this week. He is not only a gifted writer, so check out his series:


The series: Making Real Money Online

1. What Type of Earner Are You? (↑)
2. Spending to Earn (↑)
3. Expanding Your Operations (↑)
4. Making it Happen (↑)
5. Confidence and Taking the Risk (↑)

Check out those articles and say “Hello” from me at Chris's.

Yours
John W. Furst

---

(*) I picked British Pound, because they simply buy much more right now. The story feels even better, then. I would love to take in more Pounds than Dollars nowadays. Well I am working on it and there is Euros, too.