What kind of business do you want to start? For example, "$500k in revenue" looks a lot different depending on: - How complicated and stressful your life is as a founder - How many employees and other costs you have - How much you pay yourself as a founder Margin matters!
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Scenario 2: $500k in annual revenue - 3 employees, earning $70K each - CAC: $35k - Hosting: $10k - Misc: $10k What's left for the founder? $235k! (The costs needed to get you to your revenue number matter)
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Some folks (
@adii,@nathanbarry,@spencerfry) are motivated by building teams. If that's you, do it! And, sometimes, there's a direct correlation between "more people, more profit." If the case for your product, hire! But revenue doesn't always scale that way; so be careful.Pokaż ten wątek -
Assuming you, the founder, get paid the same (let's say $250k), which would you prefer? - A company with millions in revenue, but requires a team of 20 people. - A company that requires only yourself. (Assuming other costs are relatively similar)
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New poll: which would you prefer? - A company with you and a co-founder, $2 million revenue - Solo-founder of a company with 20 employees, $10 million revenue
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One way to maybe frame this: do you want a “lightweight” or a “heavyweight” business? Heavyweight businesses have more moving parts, need more people, and (often) have the potential to get big. Lightweights are simpler, smaller, and less complex.pic.twitter.com/wKhy85FbVM
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