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What is your best decision as a founder?
We often discuss our mistakes and bad decisions, but let's discuss your best decisions today.
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Ivan Balukov
Make as much as you can alone
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I'll start.
One of the best decisions I made was that before Covid hit, we decided to save some money in all projects. And that helped us a lot during Covid.
@nickanisimov woah that's smart! I think financial planning is the most important part of a founder's journey
@to_be_designed Without financial planning, it is very difficult for any business to be sustainable :)
@tjlarkin I also realized that it is much easier and more effective to buy information from a professional than to try to learn everything on your own from scratch.
We had a bold growth strategy in place for our company, but the unforeseen decline in the country’s economic climate derailed our plans. With no clear indication of a quick recovery, we found ourselves facing a difficult reality. Rather than continue depleting our initial investment, we made the tough decision to halt further funding and let our initial capital go. Although this was a hard choice, it ultimately proved to be a wise one. By conserving our resources, we were able to navigate the challenging economic landscape and keep our company afloat.
@ali_shaheen Great story. Am I right in thinking that you ended up winning from this decision?
Your idea is just a starting point, don't get married to it. When the market is telling you something be humble enough to listen and prepared to pivot!
