Today is Elangco’s official birthday. October 4th 2010 is the day Elangco was registered at the Chamber of Commerce. Time to look back. And time to look ahead.
Of course I wrote a business plan before I started the company. In a business plan you write about predictions of the growth of your business. But how can you predict that? I do know Elangco’s growth will be mainly by word of mouth: A happy customer may refer new customers to me. Such a process can be modeled using the Fibonacci series: 1, 1, 2, 3, 5, 8, 13, 21…. It starts off slowly, but it will grow faster and faster over time. We just don’t know the time scale: Will it be days? Not very likely! Will it be years? I don’t hope so! It has to be somewhere in between. So in my plans, I have estimated this time scale to be “a few months”. And that seems to be true.
But in reality the pattern of growth is very irregular: One moment there is little to do, then suddenly all projects seem to peak at the same time.
One thing is for sure: Running my own business is a lot more fun than working for a boss. Never before did I work so hard, but it feels like a vacation: I enjoy my freedom every day!