Think your startup's killing it? Let's crunch those numbers, boss.
Why it matters:
For small business owners, knowing if you're on the path to success or circling the drain is crucial.
It's the difference between popping champagne or pawning your laptop.
The big picture:
Success isn't just about making money; it's about consistent growth.
A few grand a month might keep the lights on, but if you're not scaling up, you're basically treading water in a shark tank.
By the numbers:
- 90% of startups fail (Exploding Topics, 2023)
- 34% of failures due to poor product-market fit
- 20% of new businesses fail within first two years
Overheard at the water cooler:
"Dude, we're making money, but my ramen diet says we're not quite 'successful' yet. Maybe if we hit that sweet 30% weekly growth, I can upgrade to instant noodles with real vegetables!"
Yes, but:
Not every startup needs to be the next unicorn.
Steady growth and breaking even can be a win, especially if you're bootstrapping.
The bottom line:
Keep your eye on that growth rate.
If you're not climbing, you're falling.
And in the startup world, stagnation is just failure wearing a fancy hat.