The Timing Issue: When to Quit and When to Hire a Dev Team

Author

Benjamin Friedman
March 12, 2024

Morning beehiivcommunity! This newsletter leverages our experience and expert insights to grow your business quickly and smartly. Today, we look at a really tough decision with a third option.

Thank you to all the survey participants! We’ve made some changes and would appreciate more feedback at any time.

When to Quit and Why It May Not be the End

"There is a very fine line between success and failure. Just one ingredient can make the difference." – Andrew Lloyd Webber

Perseverance pervades every success story, yet over 90% of startups fail. No matter how great your solution is and despite unyielding tenacity, sometimes you must make the toughest decision.

This week’s post examines when it may be time to stop and how to face that reckoning—and whether there may be a third option.

Expert Tips for Startups

This section calls on other experts to offer quick, valuable insights into startups.

Don’t Invest in Your Software Development Team…Yet

"We love what you do, but..." Many founders often hear that line and take it as a sign to improve their development process. However, the underlying issue is usually a product that isn't compelling enough.

Engaging a skilled Product Manager can revitalize discovery and create a viable product. They will understand prospect needs, assess solution viability, identify core solutions, and guide development. Once you’ve gained clarity, then the focus shifts to building or improving your software development team.

Nathan Blew leads a team of fractional CTOs and Product leaders at Convex Systems, a consulting firm that helps startups verify product/market fit, scale, and succeed.

Founder Tools

Build Scale Grow solves essential, non-differentiated problems to scale your company with a fractional COO, interim team leads, and new functions such as RevOps and Customer Success. Here are some immediately helpful tools:

Scale: Reach Your Peak includes over 130 business topics to grow holistically. In five minutes, discover invaluable insights and practical options.

Startup Diagnostic Assess and prioritize your business holistically in 10 minutes.

Productivity Hacks Reach your goals faster by addressing your established habits.

Facing Your Fears Learn how to convert fear into success.

Champagne AND Coffee Balance progress and reflection to maintain momentum.

Before You Go!

If you have a specific topic in mind for a future newsletter or feedback, write to us at [email protected].