A: The biggest decisions to make in your business are when to buy and sell, and how much to build and sell. However, don’t worry too much about the details until a little later in your project.
Why should I build?
One of the main characteristics of companies in our current age is that a lot of people are running away from the idea of building. In a business where you’re the one making the decisions, you have a good chance of being taken advantage of and getting frustrated. Buying a bunch of stuff to be sold to someone in a short time is not a good idea if you want to get paid. If you want to be able to spend time building and selling, start building now.
How much should I build?
We can go for high and low numbers, but you must know how many people are going to want to buy your product or service. If you plan to sell 100 units to your entire team, then you should think about building a lot. We’d try to sell 150 units.
On the other hand, if you don’t sell your product in a few months and you’re just looking for some small profit, you should start building when you already have a few hundred units in hand. And if your product is going to fail a month from now, keep building when the market is still large or you will miss opportunities.
What should I sell?
You will need a clear indication of the end point of your product. If you’re building to make extra money while at the same time increasing your team or building up your company, then you should definitely sell. Even when building for the sake of building, you’ll want to sell your product when it’s profitable enough.
This is not an objective, but a suggestion, if you need more specific information.
What should I sell to build the maximum number of units?
We don’t encourage selling your stuff in a pyramid scheme, it’s for profit so that you get some of the profits back in the future!
But what if I sell my stuff to an investor and they want me to keep a large percentage of the profit?
Again, this will be for the sake of building the ultimate amount of product. It is possible to become a very rich guy by selling your stuff, but once you reach a market scale, it’s better to just sell to investors and be done with it.
However, if you can convince some of
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