A Small Business Dilemma
by Stuart Livesey
What Would You do With Your Small Business?
Yesterday we met an interesting couple who run a small business and are facing a very real dilemma.
They invited us around to talk to them about a website for their business. It’s a very successful business and it’s on the brink of becoming even more successful thanks to some changes in the laws governing what they do.
They really are on the verge of becoming a major force in the area that they work in and the industry that they serve is cashed up and hungry for the service they provide. On top of that is the fact that their competitors are almost non-existant and the chance of others coming into the field and competing with them are slim.
It sounds like the perfect situation for any small business to be in doesn’t it? They’ve layed the groundwork and they could cope with the expansion that would be needed to handle the work that will come in once all the players in the industry that they serve become aware of this small business and the services they provide. Finding qualified staff would be a bit of a challenge but not something that they couldn’t overcome.
So what is the problem?
This husband and wife team are in their late fifties and are thinking about retirement in the next four to five years. So do they go ahead with the website and the expansion of their business or do they just coast along with enough work to keep them going for the next few years till they retire?
What would you do in their situation?
