3min chapter

Tropical MBA: Entrepreneurship & Founder Lifestyle cover image

TMBA 661: The Rewards Of Challenging Assumptions

Tropical MBA: Entrepreneurship & Founder Lifestyle

CHAPTER

Getting a Finance Person to Look at Your Business Model

Sume: I had been so maniacal about growing the business, making long tim investments that i think of business ofversides shouldn't really be making. We lost but 30 % of our customers overnight. So you can imagine, if you go fom borderline profitability to losing all customers yore, now in the red. The entire company took a 20 % pay cut. And within a couple of months, there were olvays, a lot of extenuating circumstances. That allowed a ton of people to get extra money and so continue running their businesses. It was important for the long term survive ability of the company. By june, we were eking out border line profit

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