Back
Comet
#freelancer • 3m
The golden rule for business finances: don't spend more than you generate Many businesses make the mistake of overspending in hopes of faster growth. While rapid expansion is tempting, it can lead to financial failure if not backed by stable revenue. 🚨 Warning stories: Companies such as Wework and Sears suffered the devastating effects of uncontrolled investments and excessive expenses. Wework opted to grow too fast without a sustainable financial model, while Sears abandoned innovation and focused on short -term decisions that eroded their stability. 💡 Keys to intelligent financial management: ✅ Know your income and expenses ✅ Strategic reinvestments ✅ Keep an emergency fund ✅ Avoid unnecessary indebtedness Remember: business success is not just about how much you generate, but how you handle what you have. What financial strategy do you consider most important for a business? Share your ideas!
Replies (1)
More like this
Recommendations from Medial
Vedant Patel
Hammer it until you ... • 12d
WHY DOESN'T YOUR FINANCIAL LOOK LIKE THIS Before I built this, I was drowning in random expense entries, no clue about burn rate, and definitely not investor-ready. So I made the Cash Clarity Tool – a plug-and-play Google Sheet that: ✅ Tracks all y
See More
Download the medial app to read full posts, comements and news.