Startups post 2022
Amr Omara
7 replies
After Covid and an eventful 2022, startups shifted gears from the norm of rapid growth on behalf of profitability, to profitability all the way and cutting costs specially that raising funds isn’t as easy as it used to be.
Almost 2 years have passed and there’s the dilemma of going back to massive topline growth like old days on behalf of profitability, or growing profitability with slow growth in topline.
What is the right approach from your POV?
Replies
André J@sentry_co
Best time to start is now. If you can. Because there is less competition because no-one can afford to start something at the moment.
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@sentry_co well opening a business in tough times roughens you up and makes you capable to face challenges easier than easier times.
@amr_omara Definitely! And when easy times comes back around, you can ride the wave
Unless interest rates go down there will be no low cost borrowing money to grow rapidly.
@amr_omara so really 2025.. and drop by how much and to what 5% when pre2022 was less than 3%-0.5%... Not the same we are back to 1994 rates.
Free money to borrow to pay employee salaries is going to be gone for some time... Why the former company I used to work for had 4 rounds of layoffs no runway.