During the previous recession, I chose to believe that there was no work available. I told myself that it would be impossible to get any more contracts because there were too many people vying for them.
There is a number I talk about with business owners that often gets them confused and a little bit upset. It's part of the language of success they still don't teach in school.
When I first started my business, I was the King of Micromanagers. The result? I had so much control over the process that I didn’t really care who I hired, as long as they were cheap.
When I was first starting in business my goal was to be the cheapest around so people had to use our services. As time went on, I soon realized that being the cheapest makes it crazy hard to make money.
What’s the mark of a healthy business? Is it profit? Customer count? Leadership? I’d argue that the clearest sign of a healthy business is stable, positive cash flow.