Pre Roger Douglas business was fun and if you worked hard profits were virtually guaranteed. In most industries the turnover could be as low as $500,000 and the owner managers take home pay could still be $100,000. This was when a dollar was a real dollar….
Times have changed and now we must work 70 hours a week to obtain a 5% (if we’re lucky!) net margin before tax. The skill level required to run a small medium business has become extremely high. The stand alone owner manager has to have some many of these skills it is impossible to do it alone.Read More