Quote:
Originally Posted by HemiEd
The truth is coming out. Over a half million owed to suppliers I have read.
 |
Growth is expensive.
Success kills a lot of businesses that don't prepare for it correctly. They just know they have a lot of sales and want to have more so they try to scale up without a plan for the additional overhead and immediately find themselves buried by the debt service.
"If you're not growing, you're dying" is accurate to a point. In some cases, the growing causes the dying. Growth is important but it gotta be thought out. Sometimes the worst thing that can happen to a business is one of those massive vendor contracts that they're just not ready for. They scale up too quickly and everything falls to shit.