Quote image editor
“In business, it's very important to protect your businesses income! Because a business with no income is not really a business at all. As long as the business has income - even if margins are slim, you can find a way to cut expenses, improve cash flow and improve it's profitability. Tight cash flow can be better leveraged than no cash flow. But if you make choices that jeopardize or forefeit the income, because you're frustrated with slim margins, then you forfeit that opportunity. Work with those slim margins while you work on widening them.” — Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth
In business, it's very important to protect your businesses income! Because a business with no income is not really a business at all. As long as the business has income - even if margins are slim, you can find a way to cut expenses, improve cash flow and improve it's profitability. Tight cash flow can be better leveraged than no cash flow. But if you make choices that jeopardize or forefeit the income, because you're frustrated with slim margins, then you forfeit that opportunity. Work with those slim margins while you work on widening them.