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I wouldn’t call it a “great” business strategy if your shelf life is limited. We have a finite amount of life energy to put into our businesses and I’d prefer
by orasis 3y ago
I wouldn’t call it a “great” business strategy if your shelf life is limited.
We have a finite amount of life energy to put into our businesses and I’d prefer to give it to something that can generate an annuity.
- CPLX 3y agoI mean, the fact that this guy was making $7.2MM a year in revenue from his software seems relevant. Quantity has a quality all its own.
- WJW 3y agoFinancial technology has you covered: spend your finite life energy providing the feature until the bigco implements it themselves, then buy an annuity with the profits you made in the meantime.
- dangus 3y agoAlmost all businesses have a limited shelf life and/or a business cycle of growth and decline. The scale is just different. Does Exxon stop drilling for oil just because it won’t be possible someday?