Cash, Systems, People
This site is maintained by The Proactive Accountant Dot Com - link to this article directly by using the short URL http://bit.ly/6QEmna
More Profit in Less Time - The Wednesday Tip
Cash, then Systems and then People. That’s the way to grow a business.
It’s true that more than 50% of small businesses fail before they reach their 3rd anniversary. And the biggest reason that businesses fail is a lack of cash. So in order to give yourself a sporting chance, your new business has to focus on bringing in cash.
If you can’t do that in the early days, then you really don’t have much of a business.
Once the theory starts working in practice you then need to refine your systems. I recommend Michael Gerber’s book “The E-Myth” to help you do that. Finally, when you have a healthy, organised business, you get more people in to help you make it bigger and better.
Posted on 25 Nov 2009 by Proactive Paul
