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Sam (crazy candle person) ✦
@samantha
My friend this weekend gave me good (but controversial) advice. He bootstrapped his profitable CNC machine business to about $10m in ARR without any family support or venture funding in around 7 years. He told me that people don't realize that they are in control of the outcome of their work because external factors get in the way of our deciison making. The specific example we talked about was getting /humankind to $1m in ARR. I think one thing I'm grateful for is having had worked both in B2B SAAS and a bit of consumer. So it's easy for me to create the sales funnel and do the math on how many conversions/retention I need to get to $1m in ARR - it's only about 10,000 candles yearly or less than 1000 candles a month since my AOV is around $100. My retention rate is around 20%, so that's about 50,000 candles (around $5m ARR) I have to sell to maintain a $1m ARR. And surprisingly these are not huge numbers. /continued
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Nik (ezbek)
@ezbek
I'm supporting you through /microsub! 24 $DEGEN (Please mute the keyword "ms!t" if you prefer not to see these casts.)
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