Mark MacLeodFounder, Limitless.ceo · The Startup CEO Coach | Helping ambitious CEOs & founders scale world-changing companies without sacrificing their health, happiness, purpose, or humanity

You need to make more than you spend - Jason Fried CEO at 37 signals The Startup CEO SHOW

22 Jun 2024 · 1 min

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0:45

A short YouTube transcript excerpt of Jason Fried (37signals) arguing that the fundamental rule for most businesses is to make more money than they spend, otherwise they go out of business; he notes that companies who deliberately lose money are outliers and bear the burden of proving that strategy is worthwhile.

Chapters

Pretty much every business on planet Earth runs like ours, which is like, you got to make more money than you spend or you go out of business. So I think the outliers are the ones that do it the other way. And for me, it's almost like they have the burden of proof to say, well, it's worth losing a bunch of money for a long time to make this work. Because the way I look at the world is like, every business on Main street in your town, like, they either make more money than they spend or they go out of business, you know, and, and, and, and so I don't feel like I have to answer in a sense or make the case for the other way.