Congratulations! You have maintained an unrelenting belief in your vision and have overcome many obstacles. Despite what you've accomplished so far, however, the game has only just begun. You're starting to see an increase in demand and it's getting bigger than what you (and your small team, if you have one), can manage. Don't worry—Covenant Bank knows how to connect you to the resources you need to get the job done.
Money is definitely on your mind. It’s time to develop cash management skills and figure out how you’re going to finance things: office space, sales inventory, vendors, additional staff, and equipment. It’s tempting now to throw yourself into your business completely vs. working on your business thoughtfully. Master the art of delegation and don’t lose sight of the most important things in life—your family, friends, health, nutrition, and sleep.
As you progress through the life stages, the challenges seem to increase in complexity. You can mitigate these challenges and reduce risk by being continually on the lookout for experts who can support you and fill in your knowledge gaps. You may also experience the following: