The challenges of growing a small business

Written on Apr 19, 2018

By Jessica Salerno, OSCPA content manager 

If starting a small business is a huge hurdle, the next one is growing it at a rate you can control.

“As a small business owner, you work a lot of hours and you put a lot on yourself,” said Jacob Schroeder, CPA, partner at Wilkins Schroeder Accounting Group, LLC. “If someone is working overtime, you’re working overtime. If something needs done, you’re going to make sure it gets done.”

While Schroeder said it’s common for him to work 80-90 hours a week to keep his clients happy, he said the goal is to shift some of that work to his team as the business scales. He stressed the difference between working “on your business” not just “in the business.”

Watch the video above to learn more about what it’s like to grow quickly, lose a team member and the one word he’s still learning to say to clients. Watch “Starting a business in your hometown.”

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