#68 Nick Bell: There's A Wrecking Ball Coming For Startups
Startup Diaries
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The Importance of Selling Profitably
Nick, I want to say a massive thank you for your time. A lot of founders don't realize that they just sell some shit and make sure what you deliver is on point. If someone's spending $1 with us, after the product, that's 66 cents. Once that's gone through the business, it's 30 cents. Make sure your collections are on point. You've got to hassle payment terms of seven days. Cashflow is king. We have a receive, I can't receive a whole team. One of the things we basically survived on two years ago was Collections increased by 20%. Just more than one hour to do an entire day. It took me an hour to
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