Why you don’t want to bet on the rabbit

•  Steep growth and no profits is a myth, says consultant  •  It's not explosive growth that makes a business    Who won that race between the rabbit and the tortoise?  Everyone knows the answer, of course, and consultant Manny Skevofilax suggests a business strategy that the tortoise might endorse:  Don’t sacrifice profits for growth.  To ensure the health of the business, go for steady growth and steady profits, he says, adding that steep growth and no profits as a long-term strategy is a myth.   After a career as a banker with Comerica Bank, Mr. Skevofilax opened his consultancy back in 2003.  As he notes, it's not explosive growth that makes a business, it's steady growth along with steady profits.  His new book is “Ultimate Profit Management: Maximizing Profitability as You Grow Your Business,”(Productivity Press; June 2024.)   For more information: https://poartalcfo.com