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Figuring out what sort of business you want to start, (or, in hindsight, have started) impacts everything from whether you should raise money to how to compensa
by JangoSteve 16y ago
Figuring out what sort of business you want to start, (or, in hindsight, have started) impacts everything from whether you should raise money to how to compensate your employees.
Interestingly enough, the corollary is also true. Figuring out what sort of headaches you want to deal with helps you decide what sort of business you should start.
I prefer release early/often, grassroots B2B customer development, and bootstrapping over large development cycles, long-handed B2C marketing, and funding. That is precisely why I focus my efforts on creating cash businesses that are finely targeted and strive for profitability as soon as possible.
- eladgil 16y agoAbsolutely agree - founders should think through what they want from their business up front, and what sorts of headaches they do or do not want to have to deal with over time.