Marc Anthony said “If you do what you love, you’ll never work a day in your life.” Never have truer words been spoken.
The downside to this type of idealism is that it also gives you a false sense of reality when it comes to the amount of hard work actually involved in running a company. This is especially relevant for small businesses that do not have the resources to allow for larger budgets and the trial-and-error approach that many larger companies have. We learn how to manage lean operations to survive the early days and, if we want to stay in business, we quickly adapt a fiscally conservative business model. We sock away our profits for those rainy days that inevitably come during the down cycles in our industries.Read More