I’m back again after skipping last week’s post due to too many movements and hardly time to sit down and write something serious – my sincere apologies.
Let us proceed and look at reasons why revenue growth in an enterprise may be useless. There are situations where an entrepreneur sits comfortably by simply glancing at revenue growth figures presented in the financials, or by the accountants, without having any further thoughts as to whether these make sense or not. Looking deeper into the figures or numbers as some people put it is vital for an entrepreneur. This again, is another reason why I always insist that an entrepreneur should be financially intelligent.
Ok now; your business is registering impressive revenue growth numbers. But what do these numbers mean to you and your business? Do they make sense or not? Does this apparent growth translate into tangible benefits for your business? Is this growth free of any encumbrances that may significantly water down its impact? Are the numbers solid enough for you to rely on? So, what are the situations under which you could consider discounting the value of that revenue growth, or where the growth might be useless or valueless?
Let’s take a look.
As I call it off for today, I do hope you have had a terrific time reading this blog! Candidly, and I mean candidly, not every revenue growth in a business is worth celebrating. The smart entrepreneurs know this, but unfortunately some other entrepreneurs are clueless. In this blog we will always share very useful things. I promise. Keep on visiting this blog and share it with as many as you can, and thanks for that.
The Wise Entrepreneur