Many businesses succeed for years by following a “proven” path, but in a world of dramatic changes, the firm that ignores those changes is at high risk.
Just ask those audio tape manufacturers and business forms printers.
OOPS, you can’t ask them because they’re all gone!
Two of those traditional printers became potential clients.
One of them would not accept that their $2,000,000 of equipment should to be sold for $200,000, nor that they needed to rent out most of their space for half of what they thought it was worth. That business no longer exists.
The other accepted those harsh realities, cut their rental costs dramatically and took the measly $200 grand they got for the presses and invested it in new, technologically-relevant equipment. They’re doing much less business than they once did, but they’re making as much profit as ever, instead of losing $300k a year!
Mature businesses should call Bookkeepers-Plus so they can be sure to GROW OLD!