Here's the moral of the story, if you choose to pursue growth without possession of a sizable nest egg be very careful in choosing your clients and watch EVERYTHING like a hawk. Research your market. Research your competition. Research the banks. Exhaustively research job applicants. Work twice as hard as you have been. The only way to survive growth without a sizable nest egg is to reduce your mistakes substantially. When you don't have a fat roll of bills in your pocket, you aren't going to survive a bad client, a bad employee in a key position, or a blown estimate. You simply do not have room for error.
Ron Roberts teams with Guy Gruenberg as The Contractor's Business Coach. They show contractors how to grow their businesses profitably. To sign up for their FREE Newsletter or join their Private Club, visit www.FilthyRichContractor.com.