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“Broadly speaking, young businesses usually look for growth rather than profit, because they need to get known, and are maybe challenging established players, if not industry assumptions.”
“However, focusing on growth or profit, does not mean that the business model shouldn’t be profitable, nor that it should give its products or services away for the sake of reaching as many customers as possible.”
“I’ve seen profitable businesses go bust because they didn’t manage the cashflow. [The business needs to be] profitable or not, cashflow positive or not for the business itself, not for investors.”
Read the full article on The Guardian.
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