Randy Palazzo is a general contractor and developer in the city of Portland, Oregon. He was born and raised in the area, and has called himself a native of the community for fifty years. He has been working in real estate for nearly thirty years, and has been able to grow his business successfully. Here are some useful tips for growing your own business or company, no matter the field.
Develop a new business plan. Business owners always need to be thinking about the future, or growth will never happen. Just as you did when you started your business, develop a plan for the future. This will help you create goals, project future success, and show investors that you’re still committed to the company’s overall vision.
Think realistically about the success of the company overall. Many business owners tend to panic when they see their company performing worse than expected, and they believe expansion is the way to compensate for the underperformance. However, this is an impulse move, and it will only prove to deplete your company’s capital even further. Be smart about your decisions, and look to expand at the right time.
If you’re looking to expand, make sure you pick the right locations. Expansion is a risk, and you need to make sure you do your best to alleviate as much of that risk as possible. Only expand to locations you know will serve your company well.
Randy Palazzo has been working in the real estate industry as a business owner for several years, and he knows what it takes to grow; he has done it for decades.
Develop a new business plan. Business owners always need to be thinking about the future, or growth will never happen. Just as you did when you started your business, develop a plan for the future. This will help you create goals, project future success, and show investors that you’re still committed to the company’s overall vision.
Think realistically about the success of the company overall. Many business owners tend to panic when they see their company performing worse than expected, and they believe expansion is the way to compensate for the underperformance. However, this is an impulse move, and it will only prove to deplete your company’s capital even further. Be smart about your decisions, and look to expand at the right time.
If you’re looking to expand, make sure you pick the right locations. Expansion is a risk, and you need to make sure you do your best to alleviate as much of that risk as possible. Only expand to locations you know will serve your company well.
Randy Palazzo has been working in the real estate industry as a business owner for several years, and he knows what it takes to grow; he has done it for decades.