24 September 2012
Finding time to work ON the business
By Neill Vining
In a growing economy many businesses are facing issues that they haven’t thought possible since the recession hit. And while most Chief Executive Officers say that they will take having the problem of “too much business” any day of the week, the issue of not having enough time to actually manage the business is what’s causing them trouble.
This is a concern a lot of First Coast businesses have encountered as of late. Most small companies have been forced to dramatically downsize over the last decade, but with consumers starting to spend more money, there’s now a greater demand, and often not enough people to meet it.
This is a good problem to have, but one that a lot of CEO’s haven’t had to manage over the last few years. And when time is already a luxury that doesn’t exist for them, not one that most are willing to spend more time trying to fix.
That’s what led Mike Potts, CEO of Feature 23, a St. Augustine based software development company to seek guidance. “All in one year, we moved into a 3300 square foot office and grew from a staff of five to a team of 14.” He says with the growth came a host of issues related to growing a small business.