Most think that cash is king when it comes to startups, but as Ryan discusses in this week’s show, it’s a two-edged sword. Sometimes, having too much cash can kill your startup…
KEY TAKEAWAYS
- Overfunding can sometimes have a detrimental effect because founders can sometimes take their eye off the ball between expenses and revenue.
- Overspending can result in a negative cashflow. When this occurs, many choose to fire employees, or start to sell off company assets.
- Investors can be a wonderful source of finance and insight, but adding too many can be dangerous. Every investor you accept causes an extra level of management, and also reduces the percentage you own.
BEST MOMENTS
‘Who would think that having too much cash could kill your business?’
‘They start burning through money really fast’
‘You need to really know the boundaries and lines that you want’
VALUABLE RESOURCES
The Scale Up Show – https://omny.fm/shows/the-scale-up-show
Apply for a Revenue Growth Consulting Session With Ryan Staley – https://www.scalerevenue.io/4-schedule-page1611678914248
ABOUT THE SHOW
How do you grow like a VC backed company without taking on investors? Do you want to create a lifestyle business, a performance business or an empire? How do you scale to an exit without losing your freedom?
Join the host Ryan Staley every Monday and Wednesday for conversations with the brightest and best Founders, CEO’s and Entrepreneurs to crack the code on repeatable revenue growth, leadership, lifestyle freedom and mindset.
This show has featured Startup and Billion Dollar Founders, Best Selling Authors, and the World’s Top Sales and Marketing Experts like Terry Jones (Founder of Travelocity and Chairman of Kayak), Andrew Gazdecki (Founder of Microacquire), Harpaul Sambhi (Founder of Magical with a previous exit to Linkedin) and many more.
This is where Scaling and Sales are made simple in 25 minutes or less.
ABOUT THE HOST
Ryan is a Founder, Podcast Host, Speaker, Loving Father, Husband and Dog Dad. He is a 18x award winner and grew a business unit from 0-$30M in Annual Recurring Revenue while he adding $30M in capital revenue in less than 6 years. He did this all with only 4 sales people and without demand generation.
Whether you are a new Founder, VP or CEO who is already generating 6, 7 or even multiple 8 figures annually, you are going to gain knowledge about sales you didn’t know existed.
CONTACT METHOD
Ryan Staley – https://ryanstaley.io/podcast/
LinkedIn – https://www.linkedin.com/in/ryan-staley/
Facebook – https://www.facebook.com/ryanstaleysales
Saas, Saas growth, Scale, Business Growth, B2b Saas, Saas Sales, Enterprise Saas, Business growth strategy, founder, ceo: https://www.whalesellingsystem.com/closingsecrets
