Dan Lounsbury talks the importance of strategy in developing small businesses and life

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Article contributed by Dan Lounsbury

I have over 25 years of experience building small businesses. I’ve had both success and failure that have taught valuable lessons and I leverage these experiences for my clients, helping them design strategies for long-term business growth that adds value to their lives.

Small businesses start small, but they don’t have to stay that way

Every business venture I’ve ever been involved with has started the same way. Small. It started with one idea and one vision. From there, growing into a diverse enterprise was about becoming an expert in that one thing, knowing my competition, and being able to exploit our niche.

As revenues grew, the need for scalable production become more crucial. We took this journey over a period of years by first subcontracting to other overseas and domestic manufacturers, and eventually building our own facilities here in the U.S. to deliver the best quality products we could offer.

Growth for many of my businesses was about being in the right place at the right time, with the exact solution the client required. As we continued to grow, I came to realize that hard work and persistence was the cause of being in the right place at the right time, not just luck.