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Build Series EP.1: Sarah Rowell on Utilizing Your Board - EP.240
Think Like an Owner
Invest Wisely: The Balance of Caution and Action
Calibrating the pace of change and investment is crucial for sustainable growth, especially in the aftermath of significant disruptions like COVID-19. Businesses must strategically decide when to push for expansion and when to hold back to protect their assets and team. A focus on optimizing existing resources and safeguarding jobs is vital during uncertain times. This approach allows for the development of a cohesive strategy before reinvesting. Entrepreneurs need to balance ambition with the capacity of their team to avoid overextending and potentially jeopardizing the company. Having a supportive board can help navigate these challenges, providing necessary perspectives to foster both caution and the drive to progress.
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