Category Archives: Business

Why Profit Matters

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.

My Life in 2016

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