Start Up Blog

Best advice ‘ever’ for entrepreneurs

Posted in brands, business, Business planning, entrepreneurs, entrepreneurship, Ideas, marketing, Marketing Insight, startups by Steve Sammartino on November 27, 2008

I often get asked the following question: “If you had to give one piece of advice for entrepreneurs what would it be?”

Here’s my answer:

Revenue must exceed expenditure.

The more it exceeds it by, the better.

I like doing cool stuff as much as the next guy, and no I wouldn’t sell tobacco to kids in Africa to make money. But it becomes really hard to do cool stuff if your business doesn’t survive.

4 Responses

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  1. Trevor Young said, on November 27, 2008 at 6:38 pm

    Succinct :)

  2. Rex Hammock said, on November 27, 2008 at 11:42 pm

    That is, unless government bailouts are available. ; )

  3. svec said, on November 28, 2008 at 3:42 am

    Turns out that advice applies to households too. :-)

  4. workhomemoney said, on December 3, 2008 at 2:33 am

    great… Nothing better can be said about it. More and more revenue and less and les expenses. That is how startups can survive.

    More on Startup and its survival strategies

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