Business Creators Radio Show With Adam Hommey Bottom Line for Businesses? Don’t Sacrifice Profits for Growth, Manny Skevofilax
Anyone who wants to grow their business needs to keep making a profit in the equation. Steep growth and no profits as a long-term strategy is a myth. An eye on steady growth — and steady profits — ensures the business will thrive, and there are simple steps to execute, that anyone can follow.
Huge organizations (like Uber) with plenty of outside funding may be able to choose growth over profits while their investors have the patience to ride the wave. But for most businesses, that’s the wrong approach — and can shorten the lifespan of a business.
Entrepreneurs and bootstrappers can harness a simple methodology to support profits as well as growth.
As banker and business consultant Manny Skevofilax notes, it’s not explosive growth that makes a business, it’s steady growth along with steady profits.
He’s helped many enterprises chart a course for prioritizing both — with simple but powerful steps.
Tune in to hear Manny’s thoughts on:
- What inspired you to write this book?
- What do you mean by realistic goal setting?
- What are some of the lessons that you learned working with large companies that you now share with your small business clients?
- What does it mean for you to sustainably grow a business?
- What do you think is a common mistake businesses make when trying to grow?
- Why are consistent profits so important to a small business?
- How fast can I grow my business?
- And much, much more!
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The post Bottom Line for Businesses? Don’t Sacrifice Profits for Growth, Manny Skevofilax first appeared on Business Creators Radio Show with Adam Hommey.