BUSINESS REVIEW AUSTRALIA
should always take s on capital .’
RUNNING A BUSINESS IS A MARATHON Once you ’ ve got the systems and structures in place , you can start to take the step from being a small business , to being a medium or large business . There are two ways to grow – organically ( largely through a significant marketing spend ) or through acquisition ( or most likely , a combination of both ).
Most large businesses tend to growth through acquisition , which can be incredibly risky . If done correctly , it can be very rewarding . Warren Buffet started Berkshire Hathaway with a largely unprofitable clothing mill in America ’ s rust belt – he used cash flow
17