Chapter
The Benefit of Knowing Which Blueprint of Business You're Trying to Build
1:01:34 - 1:11:03 (09:28)
There is a benefit in identifying which blueprint of business you're trying to build and then being able to go all in on a strategy that's aligned with that versus hedging your bets. Trying to have profits while also trying to get big can be difficult when pivoting to a lifestyle business seems to be the logical direction for the company.
Clips
The concept of benchmarking in business has strange incentives, especially with the ever-changing events in business.
1:01:34 - 1:05:37 (04:03)
Summary
The concept of benchmarking in business has strange incentives, especially with the ever-changing events in business. Future-minded businesses, like Hustle Fund, however, know which path or blueprint of business to go all-in, instead of hedging between making profits and getting big.
ChapterThe Benefit of Knowing Which Blueprint of Business You're Trying to Build
EpisodeAndrew Wilkinson: The Hardest And Easiest Businesses To Start
PodcastMy First Million
In this episode, the hosts discuss the pros and cons of raising $10 million in funding for a business and the impact it has on revenue growth and potential pivots towards a lifestyle business.
1:05:37 - 1:08:27 (02:49)
Summary
In this episode, the hosts discuss the pros and cons of raising $10 million in funding for a business and the impact it has on revenue growth and potential pivots towards a lifestyle business. They also dive into the effects of selling a portion of the company in a funding round.
ChapterThe Benefit of Knowing Which Blueprint of Business You're Trying to Build
EpisodeAndrew Wilkinson: The Hardest And Easiest Businesses To Start
PodcastMy First Million
In this episode, the hosts discuss the ethics of taking money from someone when there's no guarantee of return or a very low chance of success and how this can be problematic for founders who position it as a solid investment opportunity.
1:08:27 - 1:11:03 (02:35)
Summary
In this episode, the hosts discuss the ethics of taking money from someone when there's no guarantee of return or a very low chance of success and how this can be problematic for founders who position it as a solid investment opportunity. They also explore how this affects investors and whether this practice is problematic in the startup ecosystem.