Monday, January 27, 2014

Advice for small business with high expenses

Dear Dave,
I own a small business, and I'm having trouble scaling up while keeping expenses down. Do you have any advice for me?
-Josh

The best advice I can give you in a scenario like this is to take a deep breath and accept the fact that you need to slow down and grow slowly and steadily. If you let expenses get out of hand, you'll be chasing them and playing catch up for the life of your business. Overhead kills businesses, Josh. It's the death knell.