Today I turn 34. I’m ok with this, as I’ve never really been subconscious about my age. I recently read about an exercise in a book, that laid out a different way of setting goals. The idea is to write 500 words of how you want your life to look in 2 years. Then work every day towards making your life fit that scene. I would like to share with you how I want my life to look like in 2 years. I am doing this for my own self-reflection, as well as to deliver accountability to myself. Continue Reading
I’ve been seeing an increasing number of founders discussing metrics like users, conversion rate, MRR (monthly recurring revenue). Missing from these metrics is profitability. A business’s goal is to make a profit. You may run the business for lifestyle reasons, financial reasons. However, if your business is not turning a profit, you won’t be in business for very long.
Some large startups like Shopify can survive for years without turning a profit (they still haven’t yet). Eventually even Shopify must turn a profit, or the company will inevitably fail. Justin Jackson has done a great quick presentation here to show you why profitability matters, and how to calculate your profitability percentage.
For a lot of people, 2016 was a year they were excited to see in the rear-view mirror. For me, it was filled with growth, learning, and new opportunities. I wanted to take some time here, and reflect on what was a very busy year for me, and what I’m looking forward to in 2017. Continue Reading