The rise of the “successful” unsustainable company
We're funding too many unsustainable companies.
In 2022 I started writing some longer articles as well as new blog posts. Because I wanted a new format, with more fine-tuning, special control over image processing, and a print-specific PDF, I created a new website: https://longform.asmartbear.com/ Please join me there!
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We're funding too many unsustainable companies.
Please stop repeating these ideas! This isn't how successful companies work.
"Focus" requires saying "no" to most things, but there's a way to do it that allows you to say "yes" exactly when it matters most.
Most high-performing people experience Impostor Syndrome. I did too. When you understand the cause, you can defeat it.
Are you crying in the shower because you can't handle it anymore? Beyond Impostor Syndrome: Complete melt-down? Well, at least you're in good company.
Hiring even one person creates a lot less profit than you'd think, and launching a product rarely works out. Here are some tips for consulting companies.
You're afraid that looking like being a small company means you'll lose sales. It's actually the opposite -- you're alienating your best customers.
Artists say all colors are a mixture of red, yellow, and blue. But physics and TV screens and printers disagree. How does color really work?
Marketo filed for IPO. They have $60m in revenues and a nice growth rate; unfortunately they're *losing* $35m/year. Why do SaaS business fall into the trap of being forever unprofitable, and what is the secret to the ones who overcome this trap?
Have a great idea? Prove it by finding ten customers ready to hand over cash. Everything else is avoiding the truth.
It's not a question of if someone copies your business idea, it's when.
Vote for my SxSW panel! VCs are increasingly unnecessary to get companies started, and I haven't heard cogent arguments for why a founder should elect to go with them for an early round. Until that changes, they'll continue to be useful for growth-stage but less and less useful for early-stage companies.
Reflecting on selling Smart Bear in 2007, offering insights for entrepreneurs facing similar decisions.
How cold calling succeeded where AdWords failed, producing a 100% conversion rate and all the information needed to create a scalable business.
Listening to first-time entrepreneurs talk about their competitive advantages is as predictably invalid as the local weatherman's 10-day forecast. Here's the top, invalid competitive advantages startup founders like to claim.
You're not profitable if you couldn't afford someone else to do your job. $1000/mo isn't profitable. Fix your definition of "profitable," and build a truly profitable business.
A/B tests and accumulating Twitter followers is not a marketing strategy, just as "we'll use salt and cheese" isn't a recipe.
Free markets don't always produce optimal results, or even desirable ones. As entrepreneurs, our job shouldn't only be to create profits, but to do something useful in the world.
How you price a product can have a radical impact on the revenue you make from it. My search for the perfect pricing model resulted in an additional $50,000 (a 170% increase) in revenue. Here's how.
You're afraid that looking like being a small company means you'll lose sales. It's actually the opposite -- you're alienating your best customers.
Advice from "successful entrepreneurs" might be unreliable due to Survivor Bias. What's real, and what's random?
Your idea probably sucks, and it doesn't matter because your business will probably turn out to be something completely different.
If you want another pair of hands to screw things up, how do you acquire resumes, pair them down, and identify someone who is going to work well in your company?
SEOmoz founder and visionary Rand Fishkin is struggling with whether he should personally award himself millions of dollars from his company. Here's why I think he should.
Selling to big companies can be lucrative, and small bootstrapped startups absolutely have the power to sell to the big boys. But it's a very different world than you're used to. Here's what you can expect and how to deal with it.
Our emotions ride like a roller coaster -- we've all heard that phrase but it's different when you're actually living it. Noah Kagan believes that the real successful entrepreneurs are the ones that can deal with difficult times the best; here's some tips on how to do that.
Most startups run (or believe they must run) a hodge-podge of email-slash-communication tools like person email, CRM, ticketing, etc.. But everything gets easier if you just have one email address and one system.
After reviewing several hundred startup pitches for Capital Factory, I found several extremely common problems. You're probably making the same mistakes -- I did have too ten years ago -- so let's get that fixed.
Therapists don't tell you what to do. Rather, they ask probing questions that get you to discover for yourself what is true for you, your situation, and what you want. Similarly, these ten questions will force you to make the important decisions about your business. Ask them of yourself every month instead of writing…