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by charleyma
2971 days ago
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answer would be it very much depends, some considerations that I would want to know: - big difference between 10x revenue vs profit, what's the current cost basis / margin in the product?
- evaluating current marketing efforts, how much demand is from inbound vs outbound, what's working and what's not
- pricing, is the product being priced correctly
- cost factors: support, infrastructure, salary, anything around cost of goods sold
- what's the current revenue base? I would argue going from 100k MRR -> 1m MRR is a lot easier than going from 1m -> 10MM, that requires a lot more coordination and most likely enterprise customers
- existing customer base, do I have success selling into some enterprise vs selling into longtail b2b segment if I just had 1 year, I would be biased towards trying to focus on my core products and growing them, however if I don't have a large enough addressable market and I needed to 10x in 12 months, then I would focus much more on product development +R&D if I had 3 years, I think the strategy would be similar, but with longer time spans to test different strategies |
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