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Hate to tell you this but a business cannot thrive if it doesn't innovate. At best, you'll ride on your momentum for a while.
by danjc 3y ago
Hate to tell you this but a business cannot thrive if it doesn't innovate. At best, you'll ride on your momentum for a while.
- gnicholas 3y agoIf we were riding on momentum I would expect our revenue to be stable/shrinking, not growing (as it is). I agree that in the long term this is true, but when you start as a tiny speck, you can grow for a long time as awareness spreads. For example, we started our in education and are now getting interest from news/media organizations. This is without changing the core functionality at all.
- trgdr 3y agoI mean not all businesses need to thrive. If the thing generates significant profits for a while then the founder can retire and either sell it or just let it die. If it's not a publicly-traded company there's no fiduciary duty to do anything more than that.