Thursday, November 05, 2026
Flat revenue usually has one cause, not five. Five checks, each with one number, help you find which link is holding your business back before you hire, advertise or discount.
Two SME owners can grow revenue by the same 30% in the same year, and end up in completely different positions. One funded that growth from margin — reinvested profit, disciplined cash management. The other funded it from debt — a loan, a line of credit, supplier terms stretched thin. On paper, both grew. In reality, only one of them actually got stronger.
Revenue growth is the number everyone celebrates — in the industry press, at the awards dinner, on the LinkedIn post. It's also the number that hides everything that matters about how that growth was funded. A business that grows 30% on borrowed money carries new fixed repayments whether or not next year's revenue holds up. A business that grows 30% funded by its own margin discipline has no such obligation hanging over it. Same top-line number. Completely different risk sitting underneath it.
This is where the FMCG and product-based businesses Kevin works with get caught most often: a big new listing or export order looks like unambiguous good news, but funding the stock, the packaging, and the working capital gap between production and payment often means leaning hard on debt or supplier credit — right at the moment the business can least afford a shock.
Before you take your growth plan to the bank, or before you celebrate the growth you've already booked, run this audit.
1. Trace the source — for every dollar of growth this year, was it funded by retained margin, by new debt, or by stretched supplier and customer terms? Most owners have never actually separated these.
2. Calculate the true cost — debt-funded growth carries an interest cost and a repayment obligation that exists independent of next year's performance. Margin-funded growth carries neither.
3. Stress-test it — if next quarter's revenue dropped 20%, could the business still service what was borrowed to fund this year's growth? If the honest answer is "barely," the growth was more fragile than it looked from the outside.
This isn't an argument against ever using debt to grow — sensible, well-priced debt against a proven opportunity is a legitimate tool. It's an argument against not knowing which kind of growth you're building, because owners who don't know often find out the hard way, in a quarter when revenue softens and the repayments don't.
"I have grown my business 5x since working with Kevin. Everything Kevin told me to do was the complete opposite of what I had been doing. Working with Kevin has truly been a complete game changer."
— Richard, Chem Suppliers
Growth conversations in SME businesses almost always start and end with revenue, because revenue is the number that's easy to state and easy to compare. Margin discipline and funding source are slower, less glamorous conversations — and they're exactly the conversations that separate businesses that compound in strength year after year from businesses that grow themselves into a cash crisis. Across nine companies of his own and 200+ businesses coached one-on-one, Kevin has seen the pattern hold: the businesses still standing a decade later weren't always the fastest growers. They were the ones that knew exactly what their growth was costing them.
If you're not sure whether this year's growth made your business stronger or just bigger, that's exactly the conversation worth having before you plan next year's.
...and you become the owner who knows what your growth is really costing you.
Monday, October 12, 2026
Only 20-30% of businesses for sale actually sell, often because they can't run without their owner. Here's how to design yours so it can.
Monday, October 12, 2026
Writing your goals down is linked to real gains in achieving them. Here's the Vivid Vision exercise that turns a fuzzy dream into a measurable plan.
Monday, October 12, 2026
Owners using AI with purpose save 6 to 10 hours a week. Here's the simple audit that finds your first three tasks to hand over.
Monday, October 12, 2026
97% of buyers read reviews, but trust in them is falling. Here's how to build the review ask into your sales process, not just your marketing calendar.
Monday, October 12, 2026
64% of marketers can't tell competing brands apart. Here's the one-sentence positioning formula that makes sure your customers always can.
Monday, October 12, 2026
Most SME owners already know their real edge isn't price. Here's why benchmarking competitors kills that edge, and how first-principles thinking builds a strategy around it instead.
Monday, October 12, 2026
Sunday, October 11, 2026
Coach, consultant, mentor or advisor? How the four roles differ, which one suits an established NZ business, and the questions to ask before you pay.
Sunday, October 11, 2026
Gallup's 2026 data shows global employee engagement fell to 20 percent, even in the best-performing regions. Here's the three-question check SME owners can run this week to find out where their own team really stands.
Sunday, October 11, 2026
Everyone agrees December is too close to Christmas to prospect. One sales agency's own client data says the businesses that kept going saw 19 percent more leads the following January.
Sunday, October 11, 2026
Most SME owners can describe next year's budget in detail and go quiet the moment you ask about year ten. A UK study of over 1,000 companies found that gap predicts success almost on its own.
Sunday, October 11, 2026
Most SME owners build their people plan around courses. The research behind the 70-20-10 model says courses are the smallest lever you have, and it is worth knowing how shaky that research actually is.
Sunday, October 11, 2026
A lead called within five minutes is up to 100 times more likely to be contacted and 21 times more likely to qualify than one called 30 minutes later. Almost nobody does it.
Sunday, October 11, 2026
Most SME owners think a logo is a brand. The agencies behind the world's biggest brands have never worked that way. Here is the five-layer model they actually use.
Sunday, October 11, 2026
Nearly half of SMEs have run a SWOT analysis in the last two months, yet most cannot say it changed a single decision. Here is the simple matrix that turns the list into action.