The question this month: If you had $1 million to take your business as far as you could go, what would you do with the capital?
Top Three Answers from January’s question
- I would invest that money in succession planning and growing sales. I’d look for a person who understands my business, is good in sales and bring them in with the idea they would be my successor. Of course, the trickle-down effect of hiring a good salesperson is that you get to hire more support people and that gives you more opportunity to send more of that million dollars!
- It intrigued my leadership team, I brought it to one of our Traction meetings and we agreed, it wouldn’t go very far for us.
- Having things under one roof, instead of spread out through three or four buildings would entirely change the way we work. We would gain efficiencies and have critical operations under one roof. That would be huge for us and the most beneficial use of the money. We’ve always been a “good year” company. When we had a good year, we’d build another building.