Back To Basics!
My Business Partner & I keep sharing notes on our views on Emerging Opportunities & Challenges in Business. This week he shared a story of a Unicorn (a startup company valued at over $1 billion) with an underlying message that Profitability and defendable business model are the only sustainable way to be...Funding, customer love, great technology are but enablers...What he was telling was that if we take care of the Basics that is Profitability & defendable business model, everything else usually takes care of itself. However, we tend to skip over the Basics for a variety of reasons, including impatience, laziness, or a kind of arrogance that thinks we can sort of getaway. But when we don't take care of the Basics, the foundation is shaky for whatever we've built: a business, a relationship, a career or personal well-being. Perhaps, we can get away with this for a while, but there's usually a background cost in uneasiness, waiting for a day of reckoning. And ...