We all have heard of "poverty cycle", where people are trapped in low
paying jobs, have to work a lot just to make ends meet, have no time
for education, start drinking on top of that etc.
This poverty cycle is real, and while it is possible to get out of it,
it takes a real feat and a superhuman effort.
What I want to bring up is that there is an analogy of poverty cycle
for businesses. This is includes one-man businesses, just as well as
larger companies. The poverty cycle for a company is being trapped
in a low return, high hassle business. Similar problems accompany
companies in poverty, such lack of funds to improve, lack of time to
think about doing things differently, being unable to reject
undesirable clients, etc.
A big effort needs to be made to stay out of the business poverty
cycle. Getting out of it, may be completely impossible (unlike for
7 years ago