The phrase “nothing succeeds like success” might be a cliché.
But when it comes to demonstrating corporate success, nothing quite succeeds like growth – not revenue growth, but profit growth.
After all, a long-term growth in profit validates the correctness of a business strategy or the robustness of a business model.
While a company can grow its sales by compromising on prices and margins, the real winner is one that works with a consistent focus on profit.
This is simply because profit is what determines how much goes back to the shareholders and how much can be reinvested into the business for faster growth in the future.
[Read more…] about 5 Mid-Size Companies That Prove How Nothing Succeeds Like Growth