2 ms·
Profitability is like weight loss. Extremely straightforward, in principle. Charge money and keep more of it than you spend. What could be so hard about that?
by idlewords 12y ago
Profitability is like weight loss. Extremely straightforward, in principle. Charge money and keep more of it than you spend. What could be so hard about that?
- scott_karana 12y ago> What could be so hard about that? Fantastic analogy. It also covers the difficulties: it's fun indulging in ivory tower engineering exercises, or decadent offices, or letting delusions of grandeur grow your staff too quickly, if you don't have the self-restraint needed to make sensible decisions every. single. day.
- idlewords 12y agoAnd it's especially fun to tell other people how they're doing it wrong.
- Swizec 12y ago> Charge money and keep more of it than you spend. What could be so hard about that? I may not be a fancypants entrepreneur, but this principle has guided me well in my freelancing career. I have a system set up that sends me a graph of my financial state every couple of days. If graph is going up, good. If graph is going down, bad. Act accordingly. Works surprisingly well and has really changed my behaviour ever since I started using the system. Same principle for weight loss/gain (I do both depending on mood). Use a tracker, myFitnessPal works great, weigh self every once in a while. If graph is going the right way, keep doing what you're doing, if not, adjust parameters.