Do you want to launch a startup? Here are my thoughts on why you should not start a tech startup and why you should start an agency first.
What are your options?
- Consulting Service
- Productize Service
- Sell Physical Product
- SaaS (Software as a Service)
Why an agency is a bad idea? Not Scalable, People Heavy, & Low Exit Multiples
Why it's a good idea?
- SPEED: You can start one today
- INVESTMENT: Requires no investment
- CASH FLOW MACHINE: If you run lean you can have great margins
- YOUR LAUNCH PAD: Sets you up for future business acquisition or launches.
- INVESTMENT FUNDS: Build up Cash to invest in other people
- LEARNING: Exposure to multiple industries
- NETWORKING: Clients, Partnerships, Hiring
About the Podcast:
The Shopify Growth Show