Secondly, entrepreneurs believe that profit is what matters most in a new enterprise. But profit is secondary. It is the cash flow that matters. A business that grows fast devours cash. Constant investments have to be made to just keep even. Thirdly, when a business grows, it is necessary to create a management team.
Young entrepreneurs often cannot afford to bring in an external management team. So, it is necessary to identify  BIS central bankers’ speeches  7  the core competencies of the people working with you. This planning should take place well in advance.