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The Village Global podcast takes you inside the world of venture capital and technology, featuring enlightening interviews with entrepreneurs, investors and tech industry leaders. Learn more at www.villageglobal.vc.
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Manage episode 321794622 series 2401944
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Most tech start ups take years or decades to see their first profit, investing heavily in growth, at the expense of short-term profitability.
Even a great company like Amazon, which was founded in 1994, didn't have its first profitable quarter until 2001. It didn't become the money-printing machine that it is today, until 2 decades after its inception.
Unless our goal as gym owners is to start a franchise with hundreds of locations, our businesses don't benefit from massive scale the way most tech start-ups do.
We are better off chasing steady, consistent, profitable growth month-after-month that allows us to support ourselves, our teams, and invest consistently back in our businesses.
In today's episode, I break down in detail why the physical and local limitations of most gyms require them to treat their gyms differently from most tech start-ups, and how most of the costs that we view as fixed costs for our microgym are really variable costs that will increase at scale.
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