When I tell people that they don't want to be anything like Uber which has become the noun to describe the ride-sharing industry, AirBnB which has re-written the hospitality industry, or Palantir which has transformed the tech-security world, I get pretty weird looks.
Here's why I make that case:
That's not how it works!
One of my favorite quotes is "When you get where you're going, you'll only be more of who you already are." That means, when you have more money, it's only going to make you more of who you are today!
That means you've got to get profitable NOW. Your business is literally hinging on you finding a way to get profitable today. No more chasing after good money (savings, lines of credit, investors, credit cards) to throw it after bad.
My favorite resource (you might have heard me talk about it...) to help with this is the book Profit First by Mike Michalowics.
Read it, learn it, love it.
It will literally save your business!
P. S. I get nothing for referring everyone I meet to read this book, other than the warm fuzzies of knowing I am helping save businesses. This book is that good!
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