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The BarberShop with Shantanu
Founder of Software with MILLIONS of Users REVEALS Business Fundamentals, Hiring Strategies | Odoo
Jun 7, 2024
Fabian Pinckaers, CEO of Odoo, shares insights on business fundamentals, hiring strategies, and challenges of building a global software empire. Topics include transitioning from a service to software business, relocating to India, entrepreneurship challenges, product development strategies, workplace efficiency, and the benefits of open source software.
01:15:49
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Quick takeaways
- Transparency and trust crucial during tough times to retain staff and navigate financial hardships.
- Strategic shifts like reducing costs and focusing on recurring revenue pivotal in overcoming financial challenges.
Deep dives
Challenges of Entrepreneurship and Persistence
Facing seven years near bankruptcy, the speaker emphasizes the importance of transparency and trust with employees during tough times. Despite the cash crunch, honesty in communication and presenting a clear plan helped retain staff and navigate through financial hardships. By focusing on efficiencies and survival, the company was able to persevere and build a strong foundation for future growth.
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