How to stop growth from eating your profits with Doug Macy | Season 4 Episode 17
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I’ve seen huge growth year over year. I’m incredibly fortunate but that growth comes at a cost. Any business that encounters explosive growth can begin to outgrow their cash flow. My rule of thumb is that once you start growing above 20% you run a real risk of hitting a cash crunch. Most sole proprietors make up for that deficit by cutting their own paycheque. I’m joined once again this week by Doug Macy, owner of Trust1 Security. Together we discuss the best strategies for dealing with growth. Doug and I discuss how to manage your accounts receivable to ensure that you don’t grow yourself out of business.