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Japan is home to many well-known companies, (think Sony and Toyota) that have balance sheets flush with cash. More than half of Japanese companies have net cash positions on their books, compared to just 10 to 20 percent of most companies in the Western developed world.
Disruptive competitors may force you to eventually make significant changes. However, to start, you can make small changes.
If you’re a business owner, you’re probably successful. But, is your business significant, or just successful?