Episode description
In today's Startup Therapy Podcast, Wil and Ryan talks about why earning atleast $10,000 per month is one of the most important milestones in your startup career. They stress the need to do whatever it takes to keep your business alive. Hitting this milestone gives you room to handle setbacks and shows that you're making real progress. Tune in for tips on managing startup finances and staying resilient in the ever-changing business world.
Sign up for the Startups Newsletter
https://www.startups.com/newsletter
Resources:
- Startup Therapy Podcast
- https://www.startups.com/begin
- Join our Network of Top Founders
- Check in with us on LinkedIn | Wil Schroter | Ryan Rutan
What to Listen For
- 00:00 Intro
- 01:08 The most important milestones in your business
- 06:20 Everybody’s number is different
- 10:27 The existential costs of both a business and its founders
- 12:28 Do whatever it takes to reach the basic milestone
- 16:12 Your startups should survive restarts
- 19:50 The importance of having a backstop
- 24:45 Maybe it’s not your year
- 26:05 Finding value in small milestones