What money means for a company

Why every company needs more money

  1. Money is a company’s oxygen
  2. Money is to experiment and fail safely
  3. Money is for making people happier

Money is a company’s oxygen

  • To live, you as a human being must breathe.
  • To live, your company must earn money to cover its expenses.

Money is to experiment and fail safely

  • YouTube was as a dating website before it turned into a video UGC-service
  • Nintendo had its taxi and ramen noodle business in 60s
  • Amazon was only selling books online in 90s (I believe you know this one)

Money is for making people happier

How to make customers happier

  • Focus on their needs and issues. Start with Why
  • Create unique products/services
  • Arrange more meetings and conversations with customers
  • Spend the money to overdeliver and not to overpromise

How to help teammates get happier

  • Listen to them carefully to see how their work-life can be improved
  • Pay for the technology and services they need
  • Help teammates to take expensive courses they want
  • Take advantage of an opportunity to pay higher salaries
  • Set up a system of giving rewards. For example, Merit Money from Management 3.0.

So what

--

--

--

CTO in Atola Technology. Gamification enthusiast. Agile proponent

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

How to Mind Your Own Business

man working on laptop for article how to mind your own business

4 Tips to Improve the B2B Sales Process for Startups

How Teenage Entrepreneurs can find Mentors

The Entrepreneur’s Guide To Success

Entrepreneurship During the Time of COVID-19

man in glasses posting sticky notes on a window

What It Takes to Be an Entrepreneur

Drive Innovation Virtually Powered by the SAP AppHaus Network

America’s Biggest Biotech Angel

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Vitaliy Mokosiy

Vitaliy Mokosiy

CTO in Atola Technology. Gamification enthusiast. Agile proponent

More from Medium

Addressing California’s Housing Crisis: Providing Homes for our Essential Workforce

Plastic vs Reusable Bags — What is More Financially Sound?

5 Big Digital Nomad Mistakes to Avoid

Startup : A Word That Changing the Lives of Homemakers