We continue dealing with issues related to business management and how to take your business to another level . We are going to clarify concepts, we are already clear that a business was created to offer a product and services, create profits and offer profitability, so far everything is going well, but in the times we live in, you should not base your business in the same way as you have your personal finances, because they are completely separate topics, we mean that a business includes debts, investment, capital, inventory and other elements that raise a level of difficulty to the matter and you should not be afraid of it.
We are not telling you that tomorrow you should go and take out a large loan because tomorrow you will grow your business, but you should know when you should take these steps, based on the advice of a person who understands numbers and helps you understand them. . Because this is what will allow you in a few years to have a prosperous business or project, with constant growth.
By this we mean the creation of an asset , an asset as we all know it in a good that we own which has value, that is, a house, a car, among others. But in the context that we mention it, we mean that your company is an asset, if in 5 years you have managed to make it grow you can sell it in the same way that you would a house, that is why we tell you, see your company as an asset , a house to give it greater value, you remodel it, you paint it, then look at your business in the same way, prepare it so that in a short time it will be your biggest investment .
These issues are a little more complex and require you to delve into business issues, for this there are thousands of authors and books in financial fields, here we recommend some:
- Rich Dad Poor Dad - Robert Kiyosaki
- The Money Code - Raimon Samso
- The Intelligent Investor - Benjamin Graham
But what do they want to tell me? that the main objective for which you should focus to work your business, apart from the monetary benefits , is to create an asset , and by this we mean to create a good that contributes to society and generates value, which is going to be transmitted as in value to you, the business owner.
Well, we are going to give an example so that you understand our point of view and what we want to explain to you with this message, Bill Gates created Microsoft , his objective was to create a company selling products for personal computers at a time when this market was in development, but the early years of the company it did not offer a million dollar salary to Bill Gates, nor was it on the list of successful companies. So, this means that Microsoft was a failure in its early years, well no, those early years it was creating an asset. And when the moment came when he sold the operating system to IBM (which he bought from another programmer), he did not focus on receiving a higher amount for which he had bought the program, but decided to create value and something sustainable over time, asking that for each computer that used the system he would receive a specific amount.
In summary, what we want to explain to you is that you not only see your business as a money machine to have the last car, or the best clothes, but as a work machine that you are building day by day, first you are making it in wood and then you add details in metal so that it has more value. We want to close with this phrase "It is allowed to move slowly, but never stop", and some reflection questions: How long has your business been in the same place? How are you working to make it grow? What assets are you creating?