Welcome Guest

Home Article Starting Up Idea  Are You Riding a Rudderless Boat?

Are You Riding a Rudderless Boat?

Be it any business, you can model your venture with set timelines.

Tags: Are You Riding a Rudderless Boat?

BY Entrepreneur  |  Jan 08, 2010 comments ( 0 ) |

Starting a business is like deciding to ride a rudderless boat in a stormy sea. Though you start with high determination but once you have started you get so mired in the nuances, the daily travails, little achievements and setbacks that you are just not able to find the time and energy to assess where your business is headed. As in a stormy sea it may be a futile exercise to set lines for definite targets to be achieved, but it surely gives you the hope of where and for what you are headed. Planning the milestones to be achieved by your business gives you a map which you can refer to measure the pulse of your business. 

Be it any business, you can model your venture on the following timelines.


One year after starting up


This is the most crucial time for any business. You have started working on the prototype of your business model and your top priority is to keep business coming in. You are stuck up in the operations and keep yourself immersed in sales and marketing. This is the time to define your systems and processes and have a thorough idea of who your customers are. Rahul Jain, business coach, Business Coaching India says, by the end of six months you should have delegated your operations so as to concentrate on other areas of your business. 

By the end of two years


‘Now you should have perfected your business model and with systems and processes well in place you should be able to generate reports from all areas of your business,’ suggests Rahul. Now your business should have reached profitability. Profitability may vary from business to business, however you should have at least achieved breakeven.


Three to five years after starting up


Well now is the time to scale up your business and take it to the next level. But this doesn’t happen easily. You don’t even have the mental space to think out of the regular nitty gritties of your business so as to think in terms of growing it to the next level. Many businesses will be on autopilot by the end of the fourth year if the preceding years have been good. However Rahul cautions, ‘This is the time when you need to think very seriously about your strategic growth plans, else your business will stagnate’.   


Please add your comment

Not readable? Change text. Enter the characters as seen on the image (case insensitive)
  Notify me of follow up comments via e-mail   Subscribe for daily newsletter

Related Articles

Cashing in on the slowdown

BY Entrepreneur

A slowdown is actually a great time to nurture and incubate a small company. Limited resources lead to creative thinking, thoughtful expenditures a...

Making of a financial planner

BY Entrepreneur

Financial planning is one of the fastest growing professions in the world but as far as India is concerned there is a huge demand-supply gap. Wi...

Entrepreneurial Stamp

BY Entrepreneur

Quite a number of times in our career path we are tickled by a desire to start our own enterprise. But such instincts are suppressed again and again b...

Making of an entrepreneur

BY Entrepreneur

Entrepreneur: Sameer NigamProfile: MD & Principal ConsultantCompany: StratBeansAn Indian Institute of Management, Ahmedabad (IIM-A) and IIT Kanpur...

Incubators Nurture Your Startup

BY Entrepreneur

You may have a professional qualification from a top notch college, armed with the expertise that can land you in a cushy job. However when it come...

Choose your business partner well

BY Entrepreneur

The idea of sharing profit might not sound interesting but a good business partner is a boon for an entrepreneur. From sharing responsibilities to inc...

5 mistakes that most start-ups make

BY Entrepreneur

It is alright to make mistakes and learn from them. But it is always better to learn from other peoples’ mistakes. And when it comes to starting...

Business Entities for Startups

BY Entrepreneur

So finally you have mustered all the courage to start your own business. And now a hundred decisions await your approval stamp. One of the most import...

Get Into Business with Partners

BY Entrepreneur

Startups often shy away from starting their business with partners.  Each may have their own peculiar reasons, such as insecurity, the pain of pr...

What is a Winning Business Idea?

BY Entrepreneur

Are you going to start a business because someone else has been very successful in the same kind of business?  Or are you going to start a busine...

Bottlenecks to Success

BY Entrepreneur

Starting a business is a risky venture; this is a common notion regarding entrepreneurship. Everyone wants to be an entrepreneur but when it comes to ...

Being a Part-Time Entrepreneur

BY Entrepreneur

Launching a startup requires a great commitment of time, energy, financial resources and most importantly compels you to leave a job that provides a r...