In over two decades of advising privately-held, high growth businesses, the three key factors that have been most powerful in accelerating revenues and profits and achieving business growth are:
- Strategy – a clear focus on how you provide value and create results for your ideal client or customer.
- Management team – people who can hire, fire, spend money, and make decisions without your approval.
- Resources – these include cash, working capital to fuel growth, and most importantly, information on what is happening in real time in your business.
Focusing on these three factors of business growth will help to increase your earnings, maximize your business valuation, and build your wealth.
I’ve written more on this…to read the full article called Phil’s Profit Points, read here.
Copyright 2015. Phil Symchych. All rights reserved.