Tuesday, January 16, 2007

I am back

I am going to start blogging again regularly. This is one of the things I want to do in 2007 so that I can take regular time to reflect on what has been happening to my business and professional life as well as my personal financial situation.

Here are some key year end happenings:
  • In mid-November 2006 my business broke through the $1 Million in sales mark for the first time (in 3.5 years of operation).
  • We posted 44% revenue growth over 2005 (short of what I had projected but still solid).
  • Personally, I bought a new car in November - spent alot more than I would have liked but my wife deserves it.

Here are some key challenges for 2007:

  • projecting 45% growth this year.
  • have definitely identified the need to hire an administrative assistant or secretary.
  • have determined that my current organizational structure is not where it needs to be to hit my medium and long term goals.
  • also determined that I currently cannot change my org structure without seriously disrupting operations and my own work and personal life.
  • crafted an intermediate plan to get me through the first half of 2006 and then re-consider management changes.
  • an opportunity to buy a similar business close by has arisen and I am considering it seriously - I will discuss this further later.

Thats all for now, let me know if there is anything specific you want to hear about in the near term.