The most self-aware entrepreneurs accomplish many things simultaneously. They don’t wait for one thing to finish before moving on to the next. Every successful digital and e-commerce business owner I’ve met has been able to multitask.
What happens next is they typically suffer from their own success!
They grow very quickly, and things start to break. That’s how you know the business owner is trying to push to that next level. Sure you can pat yourself on the back but now you have a problem that you need to fix.
Claiming that there is a lack of capital is the first impulse an executive may have.
It’s no secret that business owners need to be up to date with their financials. But hiring a bookkeeper doesn’t magically solve any of their business problems. It doesn’t change anything besides showing what most operators already know.
Someone used to doing many things at once is now forced to wait for more money to return from their business. That is slow and inefficient, and it is not how professionals handle these problems.
I’ve consulted hundreds of business owners. By simply looking at their finances – most of them realize they don’t even need outside money to get out of their rut! They think they need capital because they were not using the right cash management systems I’ve been using for more than 7 years!
It always comes back to a fundamental mismanagement of cash. The techniques that allowed me to open my alternative investment firm are the same methods I apply in my portfolio of client companies.
I improved these methods and techniques and now share how I apply those frameworks to most digital and e-commerce businesses. These businesses are changing for the better faster than they ever could operating independently.