Idea thread by @ChadMhako - Deepstash
Idea thread by @ChadMhako

Idea thread by @ChadMhako

twitter.com

7 ideas

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Beware of the trappings of rapid business growth. A thread:

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Don't cannibalise your profitable venture to sustain new pet projects. Growth for most, is an opportunity to do what they've always wanted to do. E.g. Someone winning in security may want to quickly shift profits to mining & soon mining demands more that what security can sustain

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Tame visibility. A good product accessed by a small audience stands to win. A bad product accessed by small audiences can be re-launched with better features to a different/bigger audience (pivot). A bad product launched to a bigger audience may not get a second chance.

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Growth attracts clones. Everyone wants to copy a business model that works. The world can't copy what they don't know. Build a moat, compete differently.

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Avoid vultures. Growth attracts vultures, if you have no established culture the vultures can swallow you and soon you may trade objective opinion for cunning flattery. Remember to keep those who can tell you the truth around you. Good advice is always better than flattery.

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Seek understanding before Association. Be deliberate about your associations and be careful about brand extensions. Don't spread yourself thin.
Be so good at serving someone before you can be so great at serving everyone.

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Manage your cash flows. Any fancy acquisition that does not improve productivity or profitably may be a liability. Preserve your cash flows, outsource until your are ready to own.

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