5 years of consulting: 200/hour × 10 hours = 2000 lira. I built a product, selling software to 1000 people. Revenue skyrocketed.
Service = time-dependent. Product = one-time independent. If you want to scale, transitioning to a product is necessary.
This thread is archived. Just because everyone does it doesn't mean it's right.
I'm also curious if anyone does it differently.
I'd say don't rush. When making decisions, write down the worst-case scenario too, not just the best.
Good luck with that.
Thanks, that was the answer I was looking for. Cutting your own salary is a temporary tactic; if it lasts more than six months, something will break.
Mistaking revenue for cash is the most expensive illusion; trust the bank account. Hope this helps.
Sorry, but this doesnt apply in every case. Mistakes made on the transition from service to product side are usually reversible but expensive.
Good luck with that.
I completely agree. The harder it is to reverse a decision, the slower you should make it.
Of course, it varies if your situation is different.
We experienced almost the exact same thing last year. Processes without records never improve, because you don't know what to fix.
If I were you, I'd go this route.
Let me share my experience. The harder it is to reverse a decision, the slower you should make it.
If you post the result here, it will help others too.
The discussion got scattered, let me summarize. Trying to do this alone is the most expensive way.
If you don't write this down from the start, it leads to arguments later. I'm also curious if anyone does it differently.
I feel the same way. Extending terms makes customers happy but turns you into a financing institution.
Dont miss this: If you dont write this down from the start it leads to arguments later.
Hope this helps.
The cheap-looking path usually ends up costing more later. Processes without records never improve, because you don't know what to fix.
Following. Pausing growth to breathe is also a strategy, nobody says that.
Everyone rushing into transition from service to product gets stuck at the same point. Of course, it varies if your situation is different.
Thanks this was very helpful. When making decisions, write down the worst-case scenario too, not just the best.
Just because everyone does it doesn't mean it's right. Good luck with that.
I can't fully agree with this. Processes without records never improve, because you don't know what to fix.
The biggest time-waster for us was not knowing who had the final say. That's all, sorry if I went on too long.
Here's how it went for us. When we decide without measuring, we always end up in the same place.
Of course, it varies if your situation is different.