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How Basecamp Bootstrapped to Tens of Millions in Profits with Jason Fried, 37signals
Is bigger always better?
There's this prevailing notion that a company needs to have thousands of employees working around the clock to create value and become successful.
But our guest today has done the opposite.
With a team of 80 that works 40 hours a week, he’s managed to rival the growth of his competitors with hundreds of millions in funding and thousands of employees working evenings and weekends.
He has also generated more profit than all of them combined.
Today, Jason Fried, Co-Founder and CEO at 37signals, shares the playbook for achieving big things with small teams.
Specifically, Jason discusses:
- The advantage of doing less and staying small in certain areas.
- Choosing the most enjoyable hard path in business.
- The long-term strategy to remain profitable.
- The difference between a Founder and a CEO.
- When to bring on a COO.
- Why requiring your employees to work nights and weekends indicates your company is broken.
- Why the expectation of immediate responses is toxic to a lot of companies.
- Maintaining company culture, without unnecessary meetings.
- Figuring out prioritization as a small company.
- Lessons learned from growing a small team with no funding.
Learn more at https://tractionconf.io
Resources
Books - https://basecamp.com/books
Products - https://37signals.com
How one dollar made us worth $100,000,000,000 (that's 100 billion) - Published on 2 years, 5 months ago