Growing a Business

Good Morning Shop Local Delmarva! Here’s one for you. I saw this awhile back and I saved this photo to my phone. This is probably one of the hardest things to wrap your mind around as a business owner. When is enough, enough? How much more do you want to grow? Or are you satisfied and happy where you are? 

I had a conversation with a couple people lately about this very topic. Having the motivation to go into debt, or use resources to grow can be a scary thing even when things are going well. With all the uncertainty that we all face and the increase in prices of everything it seems to me that there is less motivation to expand or grow businesses. I could be wrong but that is certainly how I have felt lately. 

It costs money and more importantly time to grow or start a business. When you put your time, energy, and money into a business it is an investment. And each time you grow or expand it costs more time, money and effort. Each time you increase your staff it will be an investment of time and energy and with the high turnover that so many employers are seeing it is often not worth the investment.

When it starts to seem as if you are penalized and not rewarded for success the motivation to grow is no longer there. And it certainly would be easier to just have one boat and not a fleet. 

So many people have no idea of the costs associated with running a business. They see someone who is successful and want to take the quick way to get there. I’ve met more than a few people from our group that I have watched over the past few years that seem to be after the get rich quick plan. Always looking for the easy way to do it. Or trying to be involved in everything. Or offering advice in an area that it is easy to tell they know nothing about. These are the same people who try to appear successful and offer little value back.

Most of the very successful people have worked for years and years and they didn’t build their business overnight. And the ones that are the best have become the best because of the time they have spent doing it. I have gotten to know quite a few of them too.

Happy Monday that fisherman sure is a pretty smart guy. 

David

Shop Local Delmarva

Our Shop Local Delmarva Scholarship

AND if you haven't heard we are giving away $1,000 to a local student from our Supporters, Partners, and Sponsors. For all the details just click here.

Submissions will be accepted through Aug. 31, 2022,

The winning recipient will be announced by the end of September 2022. Entries will be judged by a team of community members from Shop Local Delmarva.

Students in Wicomico, Worcester, Somerset, Dorchester, Talbot, Caroline, Accomack, Sussex and Kent counties are invited to enter.

And don't forget our Supporters, Partners, and Sponsors.

You may notice certain businesses are highlighted and standout not only in the directory but we highlight them on our Facebook Page as well as our group. This ever growing list of businesses help us promote  a lot of great things in our community. Many of our blogs which you can find right here are focused on our community and our local businesses.

Many of these businesses are helping us promote other local businesses. Which really is what Delmarva is all about. I am asked quite often how a business can be part of Shop Local Delmarva. If you are part of our group you are part of Shop Local Delmarva. If you like the group and like the concept of a digital type of media that we share blogs, videos, highlights and features and want to be part of it we would love to have your support. You can find out more information here. All of our supporters, partners, and sponsors are on the rotating banners on most of our blogs just like this one.

If any of our supporters, partners, or sponsors have upcoming events we encourage them to let us know so we can help them promote them as well.

The whole idea of Shop Local Delmarva is all about our local community supporting local businesses, and our local businesses supporting our local community. It goes round and round.