Hi,
I have started a business 3 years ago from scratch with a limited investment. Now my business worth is 20 times more than my start up worth and its growing quickly. However, I have been going through some tough growing-pains. The last one year was all about cash flow power. My cash flow helped me to go through a one year long rapid purchase because of growth. I was just making enough money to pay my scheduled purchase installments to suppliers.
That cash flow tough time is just over and I have a few ideas for new investments in hand too. However, I am tired of being like this. If CASH IS KING, then should I worry about profits? Because despite the fact that my business worth is much bigger than my starting point and the progress is remarkable but I have no bank balance, I did not buy any property, I did not take out any cash from business.
Is it a wise decision to slower the growth rate and take out some cash and put in a hidden bank account that I never use again for business or in other words use for my personal growth, or should I be happy with my business increasing volume and cash-buffer i.e increased sales?
Thanking you in advance, for sharing wise words.
I have started a business 3 years ago from scratch with a limited investment. Now my business worth is 20 times more than my start up worth and its growing quickly. However, I have been going through some tough growing-pains. The last one year was all about cash flow power. My cash flow helped me to go through a one year long rapid purchase because of growth. I was just making enough money to pay my scheduled purchase installments to suppliers.
That cash flow tough time is just over and I have a few ideas for new investments in hand too. However, I am tired of being like this. If CASH IS KING, then should I worry about profits? Because despite the fact that my business worth is much bigger than my starting point and the progress is remarkable but I have no bank balance, I did not buy any property, I did not take out any cash from business.
Is it a wise decision to slower the growth rate and take out some cash and put in a hidden bank account that I never use again for business or in other words use for my personal growth, or should I be happy with my business increasing volume and cash-buffer i.e increased sales?
Thanking you in advance, for sharing wise words.
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