David RichterRunning a business is hard work. Business owners take out loans or borrow money to buy equipment, vehicles, real estate, or pay bills during slow months. Valid expenses, but If the debt piles up and isn’t handled well, it can cause serious trouble.
David RichterRunning your business without a financial plan is like driving without a map. Many businesses grow quickly in the beginning. But after that first growth spurt, they stop planning. They don’t have a clear plan for their money, and that causes chaos.
David RichterWhen your business grows fast, it’s easy to pile on overhead like office space, extra staff, new equipment, and other fixed costs. These expenses don’t go away when business slows down. In fact, they become a heavy weight that drags your profit down.
David RichterMany small businesses grow quickly at first. Then, all of a sudden, they hit a wall. Bills stack up. Employees get overworked. The owner is running around putting out fires. Instead of growing strong, the business feels like it's falling apart.