Andrew Wilkinson talks about shifting from a low-repeat product model to a recurring product model to improve cash flow and attain profitability.
Shopify CEO, Tobi Lütke, explains the importance of taking a long-term approach in business and personally. He also shares his friend's struggle with recruiting world-class talent for a nonprofit and how he plans to convince them to leave their high-paying jobs in tech.
Inspired by Warren Buffet's approach, a company founder shares how he used a one-page term sheet to buy a three million dollar company instead of raising money, which can come with certain constraints on how to allocate profits.
The importance of honing a clear and concise business pitch, specifically in regards to outlining your role in the company, is discussed as well as the benefits of being a successful operator of profitable companies.
The speaker discusses the pros and cons of selling to different demographics, including the benefits of selling to long-term service businesses and the challenges of selling to fickle millennials. The speaker also has a change of heart about wanting to sell to more traditional, non-millennial customers.