American business at this point is really about developing an idea, making it profitable, selling it while it’s profitable and then getting out or diversifying. It’s just about sucking everything up. My idea was: Enjoy baking, sell your bread, people like it, sell more. Keep the bakery going because you’re making good food and people are happy.
A little reminder about business (via heyitsnoah) (via mikehudack)
It’s interesting… when we talk to investors about waffl, they tell us it’s too small of an idea. The market is too small. We tell them that a couple million bucks split between 3 guys is pretty good money. So there is definitely something to be said for knowing what you want and sticking to it. That’s not to say we won’t blow waffl out into other markets (e.g. vacation rentals, boutique hotels), but we’d like to do it by growing organically and investing the profits we make back into the business, as opposed to taking on a bunch of debt / VC money.
Buster (who’s blog is linked to here) has made a science of it, of course, since he cashed out of Amazon big time and then went on to do Robot Coop (43things), which is probably the ultimate lifestyle business. They work 4 days a week during the summer.
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