Dear FoundRead readers, after nearly 12 months, the time has come to take a hard look at the progress of this blog. The results have been mixed, and as such, it’s time to make some changes. Continue Reading
Dear FoundRead readers, after nearly 12 months, the time has come to take a hard look at the progress of this blog. The results have been mixed, and as such, it’s time to make some changes. Continue Reading
“[Scott] Cook has an unusual ability to ask the right questions (which my partner Vinod Khosla insists is more important than getting the right answers; in business, there are often several right answers),” writes VC John Doerr, of Intuit founder Scott Cook, in the introduction to a new book about the company, Inside Intuit.
It is Khosla’s point that we’re highlighting here: Concentrate on asking the right questions, not on finding the perfect answers. The answers to any given question will change, depending on the circumstances at hand. But the most important business questions are evergreen, and we try to address them here as often as we can
According to folks like Doerr, Khosla, founder Marc Andreessen, and the many other serial startup folks whose wisdom we pluck for you as often as possible, some of the most important questions include:
There are so many, but these are a good start. What do you think are the most important business questions?
No comments so far
4:57 PM PT
These are all fine questions and I agree that the right question is generally (not always) more important than the right answer. Some others have spoken about this but another key question is whether the company has good product-market fit. This takes into account BOTH the benefits of the product AND the timing of the offer. This is a really important question that is often not addressed with much precision. And, really good product-market fit is big risk mitigator. It helps decent but young/green/learning teams stay in the game and helps remove a lot of flotsam from the sales and marketing process.
And, regarding cost/revenue name tags for team members: EVERYONE needs to be thinking as a “revenue” provider. I say this because I have had some really good experience as CEO working with/teaching administrative folks (traditional “cost” centers) that by doing their jobs more efficiently they are rin effect generating new sales (and in many cases a small cost savings can equate to a decent derived revenue figure). Psychologically, this seems to work better than focusing on “cost cutting”. Maybe just semantic bullshit and maybe I’m delusional but it sure has seemed to work; particulary when I got halfway smart about it and incented the cost savers exactly the same as I incented the sales team.
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