Over the past several months Eagle Web Assets has been focusing more on growing the properties that we currently own rather than expanding into more projects. Understanding our limitations and servicing our assets is of the utmost importance and necessary for their success. Over-expansion has been the death of many companies throughout the years and we always learn from other companies mistakes. We launched our angel investment division in November 2009 and since it’s creation we have seen explosive growth in profits from it. As we added more companies to our portfolio, the success continued in an upward spiral.
Earlier this year our corporate position was focused on developing new partnerships, investing into more companies and buying entities that worked into our business model. After adding several new assets throughout year we realized that it was time to halt further expansion and put our focus on making our newly acquired assets successful. We understood that a company cannot be successful simply by adding on assets, but rather putting our creative and financial force behind these companies. It’s been proven before: it’s better to have one hotel rather than ten slum houses.
After making the transition from expansion to internal growth we saw almost immediate positive effects. We increased the budgets for employees, advertising, training and technology which all equivocated to stronger brands. By focusing on improving the companies, we successfully reduced overhead because our both our employees and technology were far stronger. Maintaining low overhead is something that we prided ourselves on since the beginning and it’s given us a huge competitive edge throughout the years.
Even though we have made major progress, there is a lot more work to be done. We plan to continue the internal growth model throughout Q4 and Q1 2012 because it has proven to be so profitable for our company. In the coming weeks we have some major technology releases for our front-end brands that will be taking up a large amount of our companies attention. With any technology release, there will be more obstacles to overcome but with the leadership and strong team that we’ve developed, Eagle Web Assets will break through and rise up on top.