
PPF shift for Startups
There is this concept of production possibility frontier (PPF) in Economics. It is often visualized as a curve that represents the optimal allocation of resources between producing two different products - see PPF1 curve on the diagram above. Point A is one such possible optimal allocation achieved by, say, Company A. However, you will realize that this curve is not always a perfect representation of reality. In fact, most companies do not operate on the optimal curve (point B), and there are...

"You're either crazy, or you know what you're doing"
14 years ago I left one of the leading software outsourcing companies & amazing career to start my own company - Empatika. I doubt you know the name of the company, but probably (at least 7m users worldwide) you do know App in the Air, which I have co-founded with my colleagues from Empatika. I have recently left App in the Air after almost 12 years of building & growing the company from scratch. This was amazing and unforgettable experience & I think now is the right time to reflect on it. I...

Big thinking & hackathons
One of the traits of large companies is "big thinking". By this, I mean they plan on a grand scale, measuring their progress in months, quarters, and years. This can be a dangerous habit for a startup founder, since they should be thinking and acting on a daily, weekly basis. So how can one learn to unlearn this? Hackathons have been a great help to me. First we attended external ones, but eventually we started organizing internal ones. A hackathon is a 24-hour marathon of programming aimed a...
Product guy and systems thinker. Founder & exCEO of @appintheair



PPF shift for Startups
There is this concept of production possibility frontier (PPF) in Economics. It is often visualized as a curve that represents the optimal allocation of resources between producing two different products - see PPF1 curve on the diagram above. Point A is one such possible optimal allocation achieved by, say, Company A. However, you will realize that this curve is not always a perfect representation of reality. In fact, most companies do not operate on the optimal curve (point B), and there are...

"You're either crazy, or you know what you're doing"
14 years ago I left one of the leading software outsourcing companies & amazing career to start my own company - Empatika. I doubt you know the name of the company, but probably (at least 7m users worldwide) you do know App in the Air, which I have co-founded with my colleagues from Empatika. I have recently left App in the Air after almost 12 years of building & growing the company from scratch. This was amazing and unforgettable experience & I think now is the right time to reflect on it. I...

Big thinking & hackathons
One of the traits of large companies is "big thinking". By this, I mean they plan on a grand scale, measuring their progress in months, quarters, and years. This can be a dangerous habit for a startup founder, since they should be thinking and acting on a daily, weekly basis. So how can one learn to unlearn this? Hackathons have been a great help to me. First we attended external ones, but eventually we started organizing internal ones. A hackathon is a 24-hour marathon of programming aimed a...
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Product guy and systems thinker. Founder & exCEO of @appintheair

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What is the difference between a startup and a small business? I believe the main difference is the potential for rapid scaling. When I think of startups, I think of businesses that have the ability to scale quickly and expand beyond a specific local market. Many people assume that startups are focused on creating IT products, but that's not always the case. A startup can be any business that has the potential for fast growth.
But the more interesting question is - to scale what? Revenue? Profits? For me, the most important thing when it comes to startups is the ability to make a significant impact on the world. I measure this impact by the number of users whose lives are improved by the products we create. This is why I'm so passionate about startups and why I decided to stop doing consulting work. That's why, by the way, startups are often measured by their growth rates. It's a way to understand how fast a business is scaling.
I wish I had understood this earlier on in my journey as an entrepreneur. Thus,
Understand the importance of external investment for fast scaling of a business - at least, in 2 of my startups I didn’t realize that and now regret it.
Clearly communicate the nature of your business (startup or small business) to co-founders and investors.
If it is a startup, design it with fast scaling in mind and choose the appropriate method for achieving this goal.
What is the difference between a startup and a small business? I believe the main difference is the potential for rapid scaling. When I think of startups, I think of businesses that have the ability to scale quickly and expand beyond a specific local market. Many people assume that startups are focused on creating IT products, but that's not always the case. A startup can be any business that has the potential for fast growth.
But the more interesting question is - to scale what? Revenue? Profits? For me, the most important thing when it comes to startups is the ability to make a significant impact on the world. I measure this impact by the number of users whose lives are improved by the products we create. This is why I'm so passionate about startups and why I decided to stop doing consulting work. That's why, by the way, startups are often measured by their growth rates. It's a way to understand how fast a business is scaling.
I wish I had understood this earlier on in my journey as an entrepreneur. Thus,
Understand the importance of external investment for fast scaling of a business - at least, in 2 of my startups I didn’t realize that and now regret it.
Clearly communicate the nature of your business (startup or small business) to co-founders and investors.
If it is a startup, design it with fast scaling in mind and choose the appropriate method for achieving this goal.
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