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HBO and The Ringer's Bill Simmons hosts the most downloaded sports podcast of all time, with a rotating crew of celebrities, athletes, and media staples, as well as mainstays like Cousin Sal, Joe House, and a slew of other friends and family members who always happen to be suspiciously available.
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Most business owners think they need more software.
They're wrong.I see founders spending 67% of their revenue on SaaS subscriptions—working to fund their tools instead of themselves. That's backwards.
Here's the truth: you can't automate your way to revenue.
Software is for making existing work efficient. But if you don't have work worth making efficient, you're just burning cash.
In this video, I break down:
- Why spending $800/month on software when you're making $1,200 is a death spiral
- The "Digital Minimum"
- what a $50-100/month stack actually looks like
- My 10% rule: software should never exceed 10% of revenue (ideally 5%)
- How to audit, cut, and rebuild your stack the right way
- When to actually add software back (and the 2x ROI test)
I built a SaaS product that hundreds of people use monthly. And I'm always the slowest person in the room to add new software. That should tell you something.
Read the full breakdown: https://scotttoddwrites.substack.com/p/stop-automating-your-way-to-bankruptcy
Free resources:
Fix This Next for Real Estate Investors: https://www.fixthisnextforrealestateinvestors.com
My weekly newsletter: https://scotttoddwrites.substack.com/
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