Why do Practitioners fail to scale up?
When you run your own practice and you make a massive profit, it is most likely that you will take that extra money and invest it in a mutual fund scheme
You won’t use that money to hire Employees or spend on Marketing or on Technology in their own company
This is the savings mindset that we all have perhaps because we have grown up in a developing or even poor country
The fear of something could go wrong in the future ensures that we are doing something wrong now
Mixing cost cutting with investment cutting is a big big problem
Believing that investing in a small cap fund is safer than investing in one’s own business just goes to show pure lack of conviction in one’s own idea
This is Business of Convenience and not Business of Conviction
A Business Attracts the best team, best technology, best capital only when the Practitioner displays strong conviction.
I rest my case.