Page 120 - The 7 Day Startup: You Don’t Learn Until You Launch - PDFDrive.com
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7. Always Consider How Your Business Looks
Without You
Don’t believe that people should only work on their business and not in their
business. It’s crucially important that you do both.
However, you always need to be conscious of how your business will operate
and grow without you. You’ll naturally gravitate to things that you do well, but
if your skills are hard to replace, you have to be careful.
An easy way to do that is to consider what happens when the business is, say,
five times as big. WP Curve has rough estimates for:
How many developers it will need (using an estimate of clients per
developer).
How many project managers it will need (using an estimate of clients per
project manager).
What payment fees, admin fees, and affiliate fees are per client.
How much paid content creators will cost.
How much a reasonable marketing expense is.
How much a reasonable expense is for other items like conferences, video
equipment, etc.
When putting all of this together, I can get some idea of the “real” margin in the
business as it grows.
