Could you answer the following questions about your business in the future:
- What is your projected revenue for 2015? 2016?...2020?
- What % of growth is your business going to experience in 2015?
- What are you doing this year that will directly impact revenue growth for the next 3 years?
- What are "things" that are out of your control that are going to either positively or negatively affect the growth potential of your business today and in the future?
Many tour operators spend much of their time mired with day-to-day “issues,” and don’t allocate enough time to think about long-term considerations for their business. Many get stuck in the “this is the way we did it last year” vortex. I firmly agree with the "if it aint broke don't fix it" philosophy. But, sometimes things are in the process of "breaking." Addressing these issues before they "break" leads us to another cliche...and these moments can be termed "make or break" for your business.
Below are a couple links that offer clear and simple thoughts to help you get started thinking about the future growth of your business:
7 Tips to Grow Your Business ( www.Inc.com )
How To Grow Your Business Without Growing Your Payroll ( www.FastCompany.com )
As it relates to financial forecasting here a couple more links to get you rolling:
Finacial Forecasting for Your Small Business ( www.bizfinance.about.com )
Forecasting for Small Business Growth ( www.smallbusinesscomputing.com )