I remember when I was in business class and my professor said: “Cash is King”. This meant good cash flow and very good financial health inside a company.
I've been in product development for a couple of years now and I’ve seen startups that leverage large sums of money without a product market fit. Products that you like but not understanding them well enough to love them. In today’s world, we base success on the stupid idea of cash. A Pinterest-like office full of macs, injecting money for customer validation is the dumbest thing you can do. As we can see "Cash" is just a means to an end, because in reality: The Product is King…
The Product is King because a great product is created by an amazing team, based on outstanding customer insight, clear data understanding, and yes sometimes luck along the way.
It is King because it must have a good adaptation c̶a̶s̶h̶ flow, it must be healthy, enduring and be ready for change to come;
Product is the realm where things actually happen because it is built to focus on just one thing, to bring a solution to an existing problem.
The hardest thing is getting your product to work on a global scale; marketing, sales, and money will come in their own time if the product excels. We should create a dependable commodity product, something that people love so much. Something that people cannot live without.
(Bye, bye Sunrise Calendar…😪 )
If you enjoyed this post, please hit the “recommend” ❤ button below. Thanks, and remember to follow me on Instagram.