Rework   /     Your Competition is Your Costs

Summary

Remaining profitable in business is a simple equation — sales revenue exceeding operating costs. In this episode of The REWORK Podcast, 37signals’ co-founders Jason Fried and David Heinemeier Hansson explain why controlling costs should be a bigger focus than what your competition is doing. They share some simple strategies for analyzing costs and share why operating without a formal office space might be worth considering.Key Takeaways:00:37 – Why you should stop worrying about what everyone...

Subtitle
Duration
1779
Publishing date
2024-11-27 03:00
Contributors
  37signals
author  
Enclosures
https://www.buzzsprout.com/2260539/episodes/16178528-your-competition-is-your-costs.mp3
audio/mpeg

Shownotes

Remaining profitable in business is a simple equation — sales revenue exceeding operating costs. In this episode of The REWORK Podcast, 37signals’ co-founders Jason Fried and David Heinemeier Hansson explain why controlling costs should be a bigger focus than what your competition is doing. They share some simple strategies for analyzing costs and share why operating without a formal office space might be worth considering.

Key Takeaways:

  • 00:37 – Why you should stop worrying about what everyone else is doing
  • 02:26 – Focusing on the things within your control
  • 06:58 – Analyzing your business' cash cows, dogs, and shooting stars
  • 11:21 – Budgeting doesn’t always mean being frugal
  • 12:24 – Weighing cost against value
  • 16:16 – What the company gained by letting go of a physical office space
  • 18:31 – Aesthetics of a well-run, profitable business
  • 21:06 – The biggest expenses entrepreneurs often overlook

Links and Resources:

"You only compete with one thing" from Jason Fried's HEY World

"Our cloud-exit savings will now top ten million over five years" from David Heinemeier Hansson's HEY World

37signals' meet-up expenses

Books by 37signals

Sign up for a 30-day free trial at Basecamp.com

HEY World | HEY

The REWORK podcast

The Rework Podcast on YouTube

The 37signals Dev Blog

37signals on YouTube

@37signals on X