CREAM, get the money
Dollar, dollar bill y'all..
Lifestyle vs Institutional money backed company? Who you are & want to be?
- Is a design studio running for past 6 years making INR 30,00,000 (around 50000 USD) in revenue every year on year a good business? Off-course it is.
- What's the growth rate? Around 1-2%.
- Does this studio needs institutional money? No, it manages from customers upfront payments.
- How many employees need to be hired? Proportional to number of clients it handles.
- Can it scale to a few million dollar business in next two years? No, its difficult, due to the point above.
- Are these designers and folks less entrepreneurial than anyones else? No, they too are great entrepreneurs.
- Are these folks have a decent lifestyle and draw handsome salaries? Off-course. Yes.
- A product company running past 2 years in making gamified enterprise learning solution for Fortune 500 companies. Its going to change the way/disrupt trainings happen in corporate. Is this a good business? Maybe or Maybe Not
- Right now revenues are just over INR 5,00,000 (around 8000 USD). But in the next 2 year the revenue shot up to INR 50,00,000 (around 8000 USD). A growth rate of around 9-10% year on year.
- Does this product company needs institutional money? Off-course. Upfront investment is required to build product and pay a limited but highly cross-functional & kickass team a big salary.
- Can it scale to a few million dollar business in next two years? Absolutely Yes
- How many employees need to be hired? Few kickass cross-functional teams is optimal.
- Are these folks less entrepreneurial than anyones else? No, they too are great entrepreneurs.
- Are these folks have a decent lifestyle and draw handsome salaries? At start they have to grind it out. Co-Founders for years do not even draw single penny from their company. Its more harder and a grind. Sleepless nights, state of urgency and fear looms. Sales cycles are long and they see money with time.