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> Assume your company is going to be around for 25 years, and treat the first few years accordingly. This statement makes sense in the smaller context of the p
by nicolashahn 7y ago
> Assume your company is going to be around for 25 years, and treat the first few years accordingly.
This statement makes sense in the smaller context of the point the author is trying to make, but is IMO pretty bad advice taken generally, and it smacks of survivorship bias. It's a good way to overengineer, overplan, and run out of money without delivering much, from my experience.
- deleted 7y ago[deleted]
- tjchear 7y agoI got a different take out of it though. I think the author's point is that one has to be more careful with their decisions and choices as the consequence/effect could last a long time (this is where the 25 years assumption comes in), and I could see how this advice applies even in the general sense.
- wffurr 7y agoIt's different for a consultancy that's revenue-positive very quickly, as opposed to a startup burning VC cash. If you want to build a sustainable lifestyle business as opposed to making an exit, then it requires a different mindset.