3 ms·
We talked about a lot of the tough conversations you need to be willing to have as an entrepreneur. Here's how he suggested one entrepreneur whose company shoul
by AndrewWarner 17y ago
We talked about a lot of the tough conversations you need to be willing to have as an entrepreneur. Here's how he suggested one entrepreneur whose company should renegotiate with her clients:
I said, “Go back to your customers and tell them: ‘Times have changed. I need you to either pay me a little more money for the contract so I can support it, or I’m going to have to cut on my development costs and my support costs because I can’t build a profitable company. Now what you need as a customer is you want a really strong supplier. I think you still really believe in this vision of what we built, but I need to be strong. And to be strong I need to make profits. And by the way, when you’re a billion dollar company it’s really no sweat to you. And by the way, if you change this agreement, I’m committing to you I will bust my a-- to make you successful. But I need a little give.’”