Forging your idea into a successful, money-making business
About You
You Are | A Founder, A Program Lead or Director |
Goal | Monetize the business |
Objectives | Develop a business model that will generate long-term profit |
Operational Constraints | Technical debt, fatigue, sourcing |
What keeps you up at night
- Optimizing our user base and product offering
- Growing demand and keeping up with demand
- Hyper-competition shifting consumer expectations
- The growing cost of attracting and retaining talent
- Inflation's affects on market and financial viability
Your Team
Employees | Fewer than 100 |
Focus | Revenue building |
People | Roles hardening by expertise and function |
Process | Managed |
Tools | Email, Spreadsheets, documents, home-grown, OTS |
Information | Tangible |
Controls | Documented |
Your Company
Funding Round | Series A |
Investors | Founders, OGs, Traditional VC, Trustees |
Annual Revenue | Up to $10 million |
Year-over-Year (YoY) Revenue Growth | Variable |
Net Dollar Retention (NDR) | A critical focus |
Rule of 40 | Does not adhere |
Now that you've achieved product-market fit, its all-hands grooming quality delivery and support operations to satisfy existing and anticipated demand.
For small businesses, indicators that you are approaching a Scaling Junction often emerge in your operations and sales. Specifically, you prioritize growth over profitability, you may find that your current operational systems are failing or slumping as they are now outgrowing their capacity and their fitness-for-purpose. Many of these early systems are highly human-centric, built to suit for the founders to adapt and find their business sweet spot. As such, they tend not to scale depending too much on manual processes and tacit knowledge.
You may find that as you scale sales for your product your increasing market demand is outpacing your ability to deliver consistently. This jeopardizes not only cashflow but mindshare, market share and perceived value necessary to establish the new brand. Working concertedly and more importantly, getting the 'right' work done right, is what's most important to achieve sustainable profitability.
What is more, think about this longer term. Your team's experiences have generated unique knowledge that may be priceless to the future of the business. Of all your competing priorities, some time to put together a plan from it and put it into action is the resource you would value the highest.