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by muzani
540 days ago
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Cut things to as slim as possible. Reduce/outsource all non-core verticals. This will likely end up with an "incomplete" business model. It worked for pretty much all of FAANG and most of their acquisitions. Netflix was overly reliant on partners. Google/FB relied on an ad network that they had to build themselves. Amazon pioneered "no profit" businesses, and they haven't gone global, letting competitors grow huge in foreign markets. It worked for YouTube, WhatsApp, Android, most of the huge acquisitions. Don't think of scaling in terms of user count, employee head count, revenue. Think of it in complexity. You can scale pretty easily in a small market until you get 90% of the market. It's by being clever that many people start to scale poorly. You know you're scaling poorly when you're hiring people just because you're hiring people, and when you spend more time communicating than doing the work. You can't move safely as an entrepreneur. Even as a bootstrapper, someone will come in and buy out your market or siege you out of it. There are fairly safe red ocean businesses though, e.g. games and "specialist spreadsheets" like CRMs/ERPs. Family time shouldn't be much of an issue; it's other hobbies that suffer. You should have a decent amount of time left over once things click. |
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