| In the last article we discussed to not be | | | | Instead of expanding unnecessarily for the mere |
| overaggressive especially in the early years. So when | | | | pleasure of bankrupting others. My choice strategy is |
| is it good to be overaggressive and wield absolute | | | | to pay off debt. We will expand in sequence with the |
| power against your competitors. | | | | industry, but if there is no need to expand, let's pay |
| Time has mellowed me out from my younger days, | | | | off debt so if in the event bad times come. We will |
| and I can now safely say it is not good to be | | | | have deep pockets and a high credit rating to |
| overaggressive. My early companies that were able | | | | summon resources from. |
| bankrupt other competitors were not themselves | | | | As well not being overaggressive keeps the balance |
| innately rich on the grand scale, although they simply | | | | of power from falling through, therefore we can |
| had the most money. Channel your focus towards | | | | hopefully maintain our profitable standing for a few |
| your company and less emphasis on wanting other | | | | more years. As well if someone else creates a price |
| people to drop. | | | | war, the perception would be we were defending |
| A company I am overseeing is extremely successful. | | | | our market share, and all that we do is in self |
| They have about 150k in net profit in only year 14, | | | | defense. |
| an absurdly early time to be getting that level of a | | | | There you have it, pay your debts down, and don't |
| net profit. They are part of the top 25 for the week. | | | | be overaggressive in expanding. If you expand too |
| They are extraordinarily wealthy and hold great | | | | much, and the industry falls through in a recession, |
| influence over the industry. | | | | and you have all the debt built up from wild spending |
| The company has 100k in cash, this now sets the | | | | during the good days. You have created yourself a |
| tone for one of the happiest questions a company | | | | situation to lose if anyone smart takes advantage of |
| needs to ask itself. What do we spend our money? | | | | it. |
| A company that is absurdly rich can expand their | | | | Ultimately it is safer to not be overzealous in running |
| factories, be overaggressive, begin wielding it's | | | | business, don't spend frivolously, bank away cash and |
| absolute power to bankrupting other companies. I | | | | be conservative making smart expansion decisions |
| have done this in the past, but are the long term | | | | that are in relation with the industry. That's true |
| effects of being overaggressive good? No one has | | | | business strategy. |
| started a war against us yet, why rock the boat? | | | | |