O'Reilly logo

150 Ultimate Business Secrets by Dan Matthews

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Money

Keep profits in the business

Adrian Moorhouse, Lane4

Adrian Moorhouse’s Lane4 never took on investment and channelled profits back into the business to fund growth. Moorhouse sees money as a gauge of success, but doesn’t draw cash out of the business to fund an expensive lifestyle.

He says the only time he plans to refinance the business is when he eventually sells it, preferably in a management buyout to his senior team. He believes succession is important in so much as you must be careful who the business goes to and whether they care about its objectives.

“I didn’t want it to be a lifestyle business, so from the word go the model encompassed longevity and legacy. A lot of owner-managers retain control, won’t let go and take ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required