Hey everybody this is Justin back with another episode of Office Hours.
We always hear about starting lean. “Your start up should be lean”, “You should always be focusing on cost cutting measure”, “Always test before you spend.”
One of the things that I’ve had to learn coming from Corporate America and having a pretty good salary, my definition of lean and what is not a lot of money is very different than what I was probably thinking at 22 or 23 fresh out of college.
I think as I was going into expenses or trying something I would sometimes forego that testing phase or really putting a lot of emphasis on “is this really a good return on investment?” because $100 or $200 in my head doesn’t seem like a lot of money.
I think by foregoing that experience of really digging into the numbers and data, you rob yourself of the experience of learning to really do that. Those $100 and $200 expenses add up over time.
Regardless of where you’re coming from, whether you’re still working or you’re out on your own, there is more merit to being lean than just keeping money in your pocket.
It’s also the experience and skills that you learn along the way. That’s all I have for today. If you have any comments or questions, feel free to get at me.