Jan 17 2022, 01:42 PM
QUOTE(yugimudo @ Jan 17 2022, 12:10 PM)
Go back to the fundamentals.
Why you are expanding?
If expansion is not followed by increase in profit, you are not really expanding but just adding operations cost.
Let say you employ 10 more employee with salary of RM3k each. You only do this if you can profit more than what you are paying for this team.
Hence by calculation, if you are getting more than what u spend, your business is earning and on the path of successful.
If you employ 10 more people and not gaining any return, then your business model is wrong. Even if you inject a million, nothing good will come out of it.
This here is a good example of why accountants do not make good businessmanWhy you are expanding?
If expansion is not followed by increase in profit, you are not really expanding but just adding operations cost.
Let say you employ 10 more employee with salary of RM3k each. You only do this if you can profit more than what you are paying for this team.
Hence by calculation, if you are getting more than what u spend, your business is earning and on the path of successful.
If you employ 10 more people and not gaining any return, then your business model is wrong. Even if you inject a million, nothing good will come out of it.
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