#772 “When is my LTV good enough?” + Founder Mode for Bootstrappers
Tropical MBA: Entrepreneurship & Founder Lifestyle
Foster Innovation by Embracing Founder Mode
Engaging in founder mode is crucial for driving innovation and maintaining business energy. Managing a business solely as an asset can stifle emotional and market risks that are necessary for growth and close engagement with customers. Those in leadership roles must embrace the emotional strain of founder mode rather than opt for a manager mindset, which can lead to stagnation and decay in a business. The distinction lies in the willingness to take risks and innovate, as opposed to merely seeking the 'right answers' intellectually. To future-proof a business, leaders must actively foster an environment that prioritizes risk-taking and ongoing engagement.
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