2 ms·
I hate to trot this out, but isn't this a bit of a strawman argument? "Lifestyle: Slow growth or no growth at all" It's not black & white. Self-funded lifesty
by bradleyland 15y ago
I hate to trot this out, but isn't this a bit of a strawman argument?
"Lifestyle: Slow growth or no growth at all"
It's not black & white. Self-funded lifestyle businesses don't typically grow as quickly because they can't sustain the high burn-rate on a self-funded basis, not because they don't want to grow. At least not in all cases.
The focus on profitability is dictated by the fact that lifestyle founders often have their own money on the line, which they're anxious to get back.
I know from personal experience. I didn't have millions of dollars in a bank account, begging to be put to work. I had a small chest of savings that I stored up by busting my ass and living in a 500 sq ft apartment for 7 years. I wanted that money back quickly because I faced a much higher level of personal risk if things went south.