Strategy

I recently have been reminded of something a friend of mine told me years ago; however, it didn't make an impression on me until just a few days ago. I can't quote him exactly, but what he basically said was . . . "It is not how much you take in, but how much you take home."

A business is never sitting still. They are living breathing things, that are either growing or dieing. However, a business should not grow at the expense of making money. For instance a business that brings in $1 Million per year in revenue that translates to $200,000 per year in net profit is MUCH better than a business that brings in $10 Million per year in revenue and also has $200,000 in net profit.

The lesson: As you scale your business, make sure your not just doing more work to bring home the same amount of money.