Former Dragons Den star and co-founder of Implement AI, Piers Linney, has warned founders not to “stick their head in the sand” in relation to three key metrics that are central to success.
Speaking on the first episode of the Founder Metrics podcast launched by equity management platform Vestd, Linney outlined the important measures that founders can’t afford to ignore. Read on to find out more…
He said: “The key in most businesses is having KPIs and metrics so you know when you need to pull a lever. That could be the market slowing down, it could be interest rates, the cost of energy, or the ability to access the talent you need. But most founders might stick their head in the sand because they don’t want to hear it until it hits.”
Ifty Nasir, founder and CEO of Vestd and host of the Founder Metrics podcast, added: “Founders need to use their judgement and work out which levers they need to pull for success.
“The sooner you can make the changes the better. It’s like an aeroplane heading towards a mountain, if you adjust your altitude a little earlier your trajectory will improve and you’ll get over. If you just carry on, you’re going to have to take a very severe action and burn more fuel to make it over the mountain.”
Linney revealed his top three signals that founders often avoid, but which could be central to their business’s success or failure.
1. Growing too quickly
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