Venture funds are clear: Given the uncertainty of the coming few years as the Fed seeks to unwind its decades-long monetary policy, the mandate for CEOs is to:
Carefully manage towards profitability.
This is a tough pill to swallow for founders who were planning to accelerate growth this year. Open Twitter and you’ll find a cacophony of founders, investors and advisers doling out advice for what to do next: downsize your product offerings; freeze all hiring; consider mass layoffs.
The fact is, you can indeed cut burn and manage toward profitability while still defaulting to growth. In fact, that’s how the winners of this downturn will pull ahead.
To manage their huge levels of risk, large companies must freeze hiring. If you’re an entrepreneur, this is good news for you.
So what does that look like?
Fractional hiring is a growth cheat code
We’ve been operating as a bootstrapped business for close to a decade, so we’re familiar with forecasting budgets around very conservative scenarios and adjusting within 30-day or 90-day windows. This has allowed us to not only stay pro …