How Investment Services like Mulland Fraser Pursue Sustainable Growth

If you are running a small or medium business, you might be wondering if you could do this better. The way to run a business better is to be totally sustainable. Contrary to popular belief, this does not mean you have to recycle every aspect of your business, but if you could we’d be impressed. No, growing a sustainable business is about a business that grows but is entirely self-sufficient. How do you get there? Well, investment services like Mulland Fraser can advise you on how to do it successfully, with a combination of guiding you through expertise on sustainable growth gained from years of advising other businesses. Take a look at our picks for the top areas they can help you out.

Every business should be striving for Sustainable Growth Rate, or SGR, which is basically a business that can sustain itself. It doesn’t need to finance its own growth with additional debt or equity. It doesn’t need to borrow and simply relies on its own internal revenue. Investment services like  Mulland Fraser can steer you and your business to being entirely sustainable with no debt holding you back.

So, what are the ingredients to pursuing a sustainable growth rate in your business?

Focussing on the right aspects of your business

One mistake that investment services tend to see in small and medium businesses is that, once they get a little bit of money, they tend to focus it all on sales and marketing. The focus moves away from the customers they have now for the sake of gaining new customers. But old customers are loyal, whereas new customers might try you and decide they’d like to go with something else.

An investment service will warn you not to spend all your money on marketing, and instead put it into something that is going to allow you to grow your money. Usually, this means making an accountant your first hire. An accountant will pay for themselves by finding ways you can save in the business and they can figure out where you are going wrong in your spending.

Oversee and delegate

An investment service is there to act as an advisor to this ship you’re steering, but you are still the captain. The problem there is that as the company grows, you might have trouble deciphering what needs to be handled yourself and what can be delegated. An investment service will be able to help you hand off anything that needs to be done while advising you on decisions that only you can make. You will be able to better juggle your business with a team behind you that isn’t asking you everything but still know that you are in charge of the big decisions.

Learn from others’ mistakes

The main perk of using an investment service to guide your decisions is that they have been there, they have seen that they have got the T-shirt. They know what the pitfalls are for business, like making the wrong choice when it comes to where to invest, who to hire, and when to delegate, and they can guide you to avoid these mistakes. Investment services can see where you are likely to see problems and create a plan to avoid them or deal with them, all with the expertise of a wise old man teaching the youngster. When deciding what investment service to go with you should look at their clientele and their history. How are their clients doing today? Did they have a storm to weather, or did they miss one due to the efforts of the firm?