9 Unmistakable Signs Your Business Is Going To Make It

Brenna Lemieux
on May 10, 2017
Read in 4 min

Wouldn’t it be nice if there were a formula that calculated what makes a company successful over the long term?

Business owners are understandably tied to the numbers, but every business is different.

Quantitative measures of business health like ROA and working capital are useful– to a certain point.

But sometimes, the things you can’t measure are the best signs of a successful business.

How Do You Know if Your Business is Successful?

Here’s a look at some non-numerical indicators that your company will be successful over the long term.

1. You feel like a total novice.

These days, there’s a lot of pressure for business owners to become “thought leaders” in their fields.

While being known in your industry can spur growth, it’s important to remember that the best leaders start as followers.

After all, how can you know what kind of boss you want to be until you’ve had both good and bad ones?

How can you know what you want to change until you have a deep understanding of what’s normal?

If you feel like you’re learning new information every day, you’re developing expertise in your niche– and that’s a good indicator your business is on track to be successful.

RELATED: 6 Bad Habits to Break for Gigantic Business Growth in 2017

2. When you look back, your business is different from day one.

American culture tends to celebrate big, disruptive changes.

We drool over the “unicorn” companies that revolutionize an industry overnight–

But with startups, the unicorn model is the exception, not the rule.

The Japanese have traditionally taken a different approach, aiming for gradual, ongoing changes that lead to constant improvement.

This principle, known as “kaizen,” is behind the slightly-better cars and running shoes you see released every year from Japanese manufacturers.

If you’re constantly tweaking processes and practices to make your business run more smoothly, you may never feel like you’re evolving.

But consider where you were a year ago:

If it’s markedly different from where you are today, you’re moving in the right direction.

Add kaizen principles consciously, and you’re setting your business up for success in the long term.

3. You’re “comfortably uncomfortable.”

Runners call this a “tempo” pace…

It’s not an all-out sprint, but it’s also not a casual jog.

If your business is growing, the problems you have to solve will grow too.

But the longer you operate at a comfortably uncomfortable pace, (and become comfortable being uncomfortable like the Navy SEALS) tackling these problems will become normal.

Essentially, you’re building endurance for doing the hard stuff.

The payoff?

Every day, you’re able to do slightly harder (read: more profitable) work to further drive your business success.

4. You’re excited to get to work every day.

When I taught English 101 as a graduate student, they told me that if I was ever bored with a lesson, my students would be doubly bored.

It’s excellent advice, and it applies to business owners too.

Nobody will ever care more about your business than you.

If you’re not excited to dive into work every morning, you can bet your employees aren’t either– and your customers are likely not inspired either.

There’s no single solution for rekindling a lost flame, but if running your business feels like a drag, take the time to do some soul searching to figure out why.

Then get to work making the changes that will get you pumped up again.

5. You’re not doing it all by yourself.

Americans have a tendency to glamorize people who can “do it all” on their own, but I consider this a major downside of our love for independence.

When you first launch your business, you have to do everything yourself: sales calls, invoices, taxes, order fulfillment, web design–

Oh, and don’t forget to actually perform whatever service or make whatever product you’re selling.

But here’s the truth:

One-person shops aren’t scalable.

The art of delegation is one of the hardest and most important skills to master as a business owner because it requires trusting other people with the business you’ve poured your heart and soul into.

One of the clearest signs a business will succeed is that the owner is okay with handing off non-core tasks.

RELATED: Recruiting Top Talent Without Breaking the Bank

6. Your network is growing.

Whether we’re talking social media or offline, an expanding network is an excellent growth indicator for two major reasons:

First, it’s easier to sell to someone you know than someone you don’t. There’s no secret– people buy from those they know, like, and trust.

And secondly, word-of-mouth marketing is incredibly powerful.

As you meet more people, you expand your business footprint and increase the chances that you’ll bring on new clients at a very low cost.

Note: Even if networking doesn’t come easily to you, it’s worthwhile to make the effort and get out there!

7. You’re getting spam emails from people trying to sell you services.

Sure, it’s annoying to see yet another cookie-cutter email from someone pitching off-brand SEO.

But think about it this way:

If you’re getting solicitations, someone out there believes there’s a good chance your business will pay for these services.

Meaning that, by someone’s objective measures, you are running a legitimate and growing business.

Go you!

8. You’re receiving (and responding to) customer complaints.

Surprised? Don’t be.

When customers complain, it means they’re engaged enough in what you’re doing to say something about it.

In fact, customer complaints are a valuable opportunity to find out how your product or service is falling short– and to make it better.

In a best-case scenario, you’ll respond quickly to complaints with a request for details.

You’ll follow up with the customer as you attempt to solve whatever problem she experienced.

Done well, these interactions can actually turn complainers into your biggest advocates.

9. Your most skeptical family member asks you for advice.

Families and close friends are often the last to realize we’ve made it.

So here’s a surefire sign you’re on the path to success:

Your cynical Uncle (who still teases you about the time you used too much mayonnaise and ruined the deviled eggs; you were eleven for crying out loud) asks how you handle change requests from difficult clients…

Wow.

Try not to gloat too much as you answer.

Keep in mind: If you can impress your family, you’re definitely going the right way.

RELATED: How To Follow Your Dreams When Your Family Doesn’t Support You

Brenna Lemieux LendGenius Staff

Brenna Lemieux is the author of The Gospel of Household Plants, a notary public, and an enthusiastic content marketer.

She lives and runs in Chicago.

Featured

9 Ideas on How to Build Business Credit Fast

by Taylor Gordon on June 6, 2017
If you want to learn how to build business credit to access better financing options, this is the article for… Read more

Minority Business Loans – Discover 36 Opportunities Here

by Taylor Gordon on May 15, 2017
You may be searching for minority business loans because you have an idea for a great new business. Or perhaps… Read more

Small Business Loans for Women – Compare 38 Options in One Place

by Rebecca Hosley on May 15, 2017
When it comes to small business loans for women, knowledge is power. Women are not new to entrepreneurship, but they… Read more

Debt Service Coverage Ratio Explained in Acute Detail

by Amy Fontinelle on May 10, 2017
Sara owns a thriving restaurant, and she thinks the time is right to expand. Specifically, she wants to expand the… Read more

Microloans: What They Are & How To Take Advantage

by Eric Goldschein on May 1, 2017
Microloans refer to a category of financing where you can qualify for short-term working capital (or even start up capital) with low… Read more

How to Calculate ROI – Making Your Small Business Loan Count

by Dustin Clendenen on April 24, 2017
Here's a controversial thought: Not all debt is bad debt. Since not all of us are independently wealthy or particularly… Read more

Small Business Funding – Debt Financing vs Equity Financing

by Rebecca Hosley on April 22, 2017
Everything You Need to Know About Small Business Funding in 2017 Deciding to start your own business is a huge… Read more

Small Business Loans for Veterans – A Definitive Guide to VA Business Loans

by Eric Goldschein on April 7, 2017
Small business loans for veterans are available through various channels and are also often supplemented with business development tools. Business… Read more

EMV Compliance: The Good, The Bad, & The Ugly

by Amy Fontinelle on March 7, 2017
As a savvy business owner that accepts credit and debit cards, you should aleady know the dangers of failing to upgrade… Read more
Join For Free & Start Browsing Loans