Abstract
After a few years, if everything is going well, you’ll start to notice something. You’ll notice that at all times the primary constraining factor of growth is the number of people on staff. You’ll realize that if you had more people now, you could get more work now. If the company’s humming along according to plan, eventually you’ll be able to predict with a pretty high degree of confidence exactly how much more revenue you could bring in with X number of additional people now. It will seem very obvious, and mathematical. Growth is constrained only by head count. Head count is constrained by your cash balance.
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Notes
Ami Kassar, “Why Small Business Lending Is Such a Confusing Mess,” The New York Times, June 5 2012, http://boss.blogs.nytimes.com/2012/06/05/why-small-business-lending-is-such-a-confusing-mess/.
Matt Taibbi, “Yes Virginia, This Is Obamas JOBS Act,” Rolling Stone, April 12, 1012, http://www.rollingstone.com/politics/ne ws/yes-virginia-this-is-obama-s-jobs-act-20120412.
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NFIB Research Foundation, Small Business, Credit Access and a Lingering Recession, http://www.nfib.com/Portals/O/PDF/AllUsers/research/studies/small-business-credit-study-nfib-2012.pdf, January 2012, p. 8.
Catharine P. Taylor, “M-word Is Back,” Advertising Age, May 27, 2002, http://adage.com/article/news/m-word-back/52079/.
Small Business Administration, U.S. Small Business Administration Final Plan for Retroactive Analysis of Existing Rules, January 23, 2012, http://www.sba.gov/sites/default/files/SBAFinalPlanRestropectiveAnalysisofExistingRules23Janl2.pdf, January 3, 2012.
Ian Mount, “When Banks Won’t Lend, There Are Alternatives, Though Often Expensive,” The New York Times, Aug 1, 2012 (http://www.nytimes.com/2012/08/02/business/smallbusiness/for-small-businesses-bank-loan-alternatives.html?_r=0).
Ami Kassar, “The State of Small-Business Lending,” The New York Times, January 8, 2013, http://boss.blogs.nytimes.com/2013/01/08/the-state-of-small-business-lending/.
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© 2015 Rick Webb
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Webb, R. (2015). Banks and Funding. In: Agency. Palgrave Macmillan, New York. https://doi.org/10.1007/978-1-137-50122-6_23
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