- Job title
- Accounting clerk
- Sector
- Tourism
- Organization type
- 8-person team
- Joined
- Jul 2023
- Message
- 221
our product won a design award. I used the award in marketing (it's on the website). Customer demand increased.
our product won a design award. I used the award in marketing (it's on the website). Customer demand increased.
An award provides trust and prestige. If used in the marketing message, it helps in attracting customers.
I've been dealing with this for a long time. If the gap between accounts receivable and accounts payable turnover days is widening, revenue won't save you.
Just leaving this note, it might be useful.
If you're going this route, sort this out first. Solutions that work at a small scale collapse when you grow; I learned this late.
Correct me if I'm wrong.
I felt relieved reading this answer so it's not just me. like the longer you delay cutting the team the more people it affects.
If you have questions, write them; I'll answer as best I can.
I disagree with you on this point. Most time waste accumulates in tasks waiting for approval.
I'm also curious if anyone does it differently.
Let me write how it's done in practice. Delaying bad news is the habit that causes the most losses in this job.
Hope this helps.
The answer above hits the nail on the head. The longer you delay cutting the team, the more people it affects.
If you don't write this down from the start, it leads to arguments later.
I have a question, don't want to go off-topic though. The harder it is to reverse a decision, the slower you should make it.
Of course it varies if your situation is different.
To get into the details: Second-time founders don't make the same mistakes but find new ones.
If I were you, I'd go this route.
Saved. Everyone rushing into won an award did it help gets stuck at the same point.
Just leaving this note, it might be useful.
Following. Cutting your own salary is a temporary tactic; if it lasts more than six months, something will break.
The longer you delay cutting the team, the more people it affects. Proven by experience.
Im writing this so you dont make the same mistake. tbh second-time founders dont make the same mistakes but find new ones.
The answer varies greatly by industry; there is no one-size-fits-all rule. btw im also curious if anyone does it differently.
I'm a small business let me explain from my side. Pausing growth to breathe is also a strategy, nobody says that.
Extending terms makes customers happy but turns you into a financing institution. Correct me if I'm wrong.
There's also a measurement aspect to this. The answer varies greatly by industry; there is no one-size-fits-all rule.
The reason for failure isn't one big mistake, but the accumulation of small decisions. Just leaving this note, it might be useful.