In the nautical world reefing your sails means reducing the amount of sails exposed to the wind so as to reduce the chance of damage in strong winds. You can go faster in a strong wind, but the chance of catastrophe is a lot higher too.
In the business sense I am talking about risk exposure and your stress levels.
A lot of advisors and friends will be encouraging you to keep going fast. What do you feel though?
Have you taken the time to consolidate your business and processes? Are you still doing too much of the work? Are your employees trained and fully productive? Are you adding new customers? Do you have enough funds to take on extra clients?
On a personal level, are you delegating yet? Can you pay for the wages next week without dipping into your credit cards? What are your cash flows like? Are you eating instant noodles too often? Is your family suffering along with your business?
Who said that you need to become the next Bill Gates? If you are happy to just make a decent income then who is telling you to do more than that?
Give yourself a bit of a break from the relentless pressure and stress - time to reef the sails. Take a bit of a breather. Reduce your exposure to risks. Spend more time with family. Get the business running more smoothly.
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