Expansion

[Paul Jenks]

We found some of our best guys and girls through employment agencies and the rest of our best guys and girls through word of mouth.

As far as decreasing profit margin goes, if using a sub-contractor, put your prices up a little. If you get the work, happy days. If not, it's no loss.

Margin will always take a hit as a company expands, unless the owner likes to rinse his/her staff and/or clients.

Generally, if the systems are good, it's less margin on a bigger turnover so should result in a bigger lump of cash at year end. Of course, you need more money sloshing around to even out the peaks and troughs. (Cashflow/working capital). Therefore, you may end up with less cash to take on holiday.

With bigger overheads comes bigger challenges, worries, issues. However, the rewards, (not always financial), are commensurately greater. (Assuming a person views shared endeavour as rewarding.)