May 09
31
slow grow business model
I’ve been looking around at various business models to use as a template for my business and have come across the slow grow business model.
This is a very striped down explanation but it will give you the gist;
Essentially a slow grow business model is were equipment is purchased outright and its products and services are offered in a stepped fashion. This provides peace of mind to customers due to the low risk nature of the business. A business with low debt and high asset ownership makes for a very safe and stable environment for management and employees alike. A business operating in this fashion will always have a high cash position tucked away for new equipment purchases. It also means that in the event of a turn down, that cash can be used to weather the storm.
I really warm to this kind of business model, it seems to be the safest and surest method of ensuring longterm success.
I’ll keep looking, I’m sure I will find something that will work for me.