Overhead Walks On Two Legs - Business - Nairaland
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| Overhead Walks On Two Legs by nairawall: 12:13pm On Mar 13, 2013 |
This saying completely changed my entire impression of employing people for a tech startup. Most of us including me think that if we employ more hands we would move the business faster and increase revenue but sadly this is not really true. Most startups need more time and commitment to succeed. If you don't have a venture capitalist funding you, then it is usually best you do it yourself until the business becomes profitable enough to employ more hands. This is the singular reason Dealfish.com.ng and Mocality.com.ng couldn't survive the Nigeria market. It is also reason why Nairalist.com couldn't keep going even when the prospect was there. It's always harder to get rid of employees than it is to employ them. Business is not mathematics where 1 + 2 = 3. |
| Re: Overhead Walks On Two Legs by Seun(m): 1:27pm On Mar 13, 2013 |
That's not the reason why we froze Nairalist, though. We froze because it opportunity cost of further investment in Nairalist was too high. |
| Re: Overhead Walks On Two Legs by Olugbenger(m): 1:53pm On Mar 13, 2013 |
Seun: That's not the reason why we froze Nairalist, though. We froze because it opportunity cost of further investment in Nairalist was too high.noted! |
| Re: Overhead Walks On Two Legs by hottprince: 6:15pm On Mar 14, 2013 |
Well Mr. Seun if u'll like to sell nairalist I'll be willing to buy. |
| Re: Overhead Walks On Two Legs by Nobody: 8:00pm On Mar 14, 2013 |
FROZE?  |
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