Should Startups Focus on Profit or Growth?
Start with profit. Here's why 👇
In today’s startup world (hyper) growth trumps profit.
There are plenty of unprofitable unicorns around to prove my point …
But working with 100s of startups every year, I’ve seen how easy it is for them
to “grow” themselves into bankruptcy.
So here’s my (potentially unpopular) opinion:
→ Profit first, then growth.
Profitability isn’t just about making crazy money, it’s about creating a
repeatable pathway to viability.
This also includes thinking about the “growth allocation” (feed your business
but spend wisely).
And that’s why profitability comes first — and why growth should be viewed as a
portion of profit.
It’s tempting to plow every cent into growth.
The question is:
Is it worth it, even if it might mean the startup won’t be around long enough to
truly succeed?
Clear answer, from a founder's standpoint: NO!
#startups #Founders #VentureCapital #investing
Startups.com - Education, Community, and Tools to help startups launch faster
Originally posted by Ryan Rutan on LinkedIn
link: linkedin.com/in/ryan-rutan
Start with profit. Here's why 👇
In today’s startup world (hyper) growth trumps profit.
There are plenty of unprofitable unicorns around to prove my point …
But working with 100s of startups every year, I’ve seen how easy it is for them
to “grow” themselves into bankruptcy.
So here’s my (potentially unpopular) opinion:
→ Profit first, then growth.
Profitability isn’t just about making crazy money, it’s about creating a
repeatable pathway to viability.
This also includes thinking about the “growth allocation” (feed your business
but spend wisely).
And that’s why profitability comes first — and why growth should be viewed as a
portion of profit.
It’s tempting to plow every cent into growth.
The question is:
Is it worth it, even if it might mean the startup won’t be around long enough to
truly succeed?
Clear answer, from a founder's standpoint: NO!
#startups #Founders #VentureCapital #investing
Startups.com - Education, Community, and Tools to help startups launch faster
Originally posted by Ryan Rutan on LinkedIn
link: linkedin.com/in/ryan-rutan