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How to Derive Revenue Streams for a Business
Would I survive the first year of business? Would I get adequate funding from third parties? Would I need to burn through my own savings? Will I be able to pay the rent? Turns out: Yes! How did I get there? What financial decisions did I make? I will explain the above chart in this article… Decisions As entrepreneurs, we make an incredible amount of decisions on a large array of topics. One of the most important topics in a young business is the financial topic, which is closely related to the growth topic. The following TL;DR will summarise these particular decisions: Does my business want to grow fast? I…
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Growth Is Not the Only Goal
For many, growth is the undisputed holy grail of business. The ultimate goal. Grow or die. Eat or be eaten. You can google it, you’ll find many answers: A lot of what’s written does make sense. Business and technology can be seen as products of an ongoing hyper evolution, an extension to Charles Darwin’s Theory of Evolution of biological life. I find this a very interesting thought. If you want to learn more, look at how Kevin Kelly from Wired defined our technology as the 7th Kingdom of Life, the Technium – an interesting talk and point of view I definitely recommend watching: This is an academic perspective. What does…