Andrew Wilkinson

Andrew Wilkinson quotes on money management

Co-founder of Tiny. Owners of Dribbble, MetaLab, and many others. Buying, starting and investing in wonderful internet businesses since 2007.

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1

How to run a profitable company: Revenue - Expenses ——————— = Profit IMPORTANT NOTE: Make sure expenses are lower than revenue.

2

We never had venture funding, or even access to bank debt, in the early days. Because of this, Chris and I were maniacal about keeping costs down. We'd negotiate EVERYTHING. Furniture. Credit card fees. Software. Leases. Coffee beans. Paper. You name it, we negotiated it.

3

One of the most important questions to ask when starting a business: Historically, what is the net margin in this industry? Owning a high (15-40%) net margin business is like riding a bike in the right gear 🚴‍♂️ You get 10x further with less effort.

4

Profit tells you something: You have the ability to sustainably provide a service to customers in a way they want to continue to pay a premium for.

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