We won’t ruin your read but the main gist of his argument is that the more you have, the more you spend. The key to success and improving your profit then, is probably in drafting up a business plan at the start and sticking with it as you grow. If it worked to get you this far, why look for different ways of doing it now? As they say, if it ain’t broken, don’t try to fix it.
Obviously, the theory is always easier than reality. With success comes additional pressures and burdens that in many ways are part of the business development process. For those not lucky enough to have excess money lying around an equally valuable part of a business development is making the most of what you have. We all strive to make more money but perhaps when your business reaches the stage of having large cash reserves that is the time you might look towards your own exit strategy – after all it is only really ‘profit’ if you get a chance to enjoy it.
Do you agree with Guy?