Everyone aims for the growth of their organisation: Getting more projects and sales orders, increasing turnovers, and employing more people are always the top priorities of business heads.
But, before we all begin to take the big leaps, we have to make sure that our grounding is strong and that we are stable.
Chanakya says, “The policy, following which he were to see neither the advancement nor the decline of his own undertakings, constitutes stable condition” (7.1.28)
What has been achieved should not be lost. Even organisations are now realising that, as they march ahead, their support system should also be in place to conquer bigger markets. Just like it’s important to keep your house in good shape before you invite guests or alliances.
For financial stability, ensure that the cash flow into the organisation is regular and long term. All outstandings should be reduced. Collections from customers should be on time. And a good banking and accounting system should be in place. Monitor your finance reports regularly to keep an eye on these.