Some of the axioms of business don’t ring true anymore. Oh, there is passed down wisdom that never goes out of style: “the customer is always right,” and “if you’ve made a mistake in business, own up to it and make it right.”
But as businesses start and grow, the tendency becomes to “expand,” or open more stores, or aim to hire more people. If a business announced that due to a rise in sales, more employees were hired, and another warehouse was purchased, that was instantly viewed as success.
Now, business owner should be wary of even considering to expand at all. [Read more…]