Growing your business will probably require you to make significant investment. This can mean borrowing money or sacrificing dividends, which may not be easy and may not be the right thing to do if you do not have the right operating model.
One key discussions for us with clients is do they operate their existing business with the right proportions of:
- Consultant earnings (salary/benefits/commission)
- General business costs/overheads
- Surplus (profit/ directors dividend)
- Cost of finance