I also thought that money is the solution to all my business problems. That kind of thinking? That was why we almost drowned in millions of pesos in utang.
That is why having more money is not the solution. In fact, having more money becomes the poison that will kill you faster. What were my real problems? Low sales, high expenses.
Why low sales? I am too busy to sell. My employees cannot sell. I bought stuff that is not sellable. Many reasons.
Why high expenses? Again many reasons, like no budget, borrowing too much and paying high interest rates, etc.
Lack of cash is the symptom. And, borrowing more without removing the root causes will kill you.
The solution is to have an A-Team, delegate, so that you will have time to learn, think and reflect on your business. Read more about this in my book, Grow Your Business, Pinoy!
What are you business problems? Type them in the comments below so that I can share with you what I know.
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