I read an interesting article titled: 10 Entrepreneurial Lessons We Can Learn from Shark Tank by Jonha Revesencio at business.com (@business_dotcom)
And I was very surprised when I read the first lesson: Don’t Grow Your Business too Fast.
I could not believe it, someone is recommending don’t Grow Your Business too Fast. But, when I read the explanation, she convinced me.
She explains that:
“A business goes through working capital easily. By expanding too fast and without proper cash flow projections and management, you’ll be running to banks and other financiers in a flash to seek a new infusion of capital to save your business. If you look desperate in front of venture capitalists, you’ll be losing a big chunk of your ownership of your own business.”
If you need to plan your cash flow, we can help you. Just ask for an appointment.