Payback Routinely - Number Five Solution

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

The main reason that it will come to an end is because if this complexity comes and eats my time away, I can't plant seeds for tomorrow. So the first thing is just some kind of awareness, right? Because you've got to be aware of debt, better today cost of tomorrow. Just run that simple analysis on any scenario. If today's a symmetric to tomorrow, tomorrow's bad. Today's good. That is debt. You enough of that, get yourself into trouble. But when there's sacrifice today, gain an advantage tomorrow, which is basically the inverse of debt, that one is good, right?

Scaling a business is an awesome topic, cleaning up the mess and paying back the debt from scaling is not. This is a tricky thing to balance. Most entrepreneurs get it wrong. If you don't grow fast, a competitor might overtake you —but— grow too fast and you'll make a mess and accumulate too much debt for the company to get out of. Finding the perfect balance between these two extremes is an art-form that lies at the core of an entrepreneur's ability. This podcast teaches you how to think about three things: scale, mess, debt, and how they're all parts of the same "growth cycle". I share practical tips to handle these issues in your business today + share personal stories of the rollercoaster ride I've been on to date.

Full blog post here: https://www.consulting.com/channel/scale-mess-and-debt