Posted by moresmoke on September 16, 2020 at 10:03:53 from (216.196.72.173):
In Reply to: How much is enough posted by Grandpa love on September 16, 2020 at 04:31:12:
Common business philosophy is that a business need to grow to sustain itself. Constant growth fueled by debt allows a business to use tomorrow’s revenue to pay today’s expenses. This is a great idea as long as the growth can be sustained indefinitely. If the growth stops, you are then in a world of hurt as the margins are not enough to cover expenses and service debt.
On a realistic note, if you can run your business, make enough to live on, put a little away for later years, and be happy that is great. Some people are destined to build great empires, and some are content with what they have. Many more are just miserable and will never find their place in this life.
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