So you’re dying to have the latest iPhone but can’t decide if September is too early to give yourself an early Christmas present. Similar to home renovations and new car dreams it’s difficult to discern when it’s the right time to invest. While you may not be able to justify the brand new iPhone, there are strategies understand when and how to invest in your startup.
Thanks to The Bouqs founder, John Tabis here are four pain points to let you know you’re running a bit too lean (Eat the burger!)
It’s time to invest if:
- You have orders and can’t fulfill them – You’ve been working years to get to this point, whether it’s upping distribution or growing your team, take the leap.
- Customer experience is fragmented and inconsistent – Retarget your efforts; Bad reviews are like tattoos – Removing them doesn’t work.
- You’re unable to address customer inquiries – With every customer you lose, you lose their network too.
- You’re incapable of addressing ripe opportunities in the market – Every opportunity has the potential to take your company 10x, don’t miss the ship.