Per Davidsson - Empirical entrepreneurship and the pursuit of growth vs profit - S4 Ep1

Brain-hurt scale = 4/10. "Don't worry about profit. Just get me more growth. We can always worry about monetization and margins later." This type of statement is quite dominant within Silicon Valley culture and within modern entrepreneurship. But just how valid is this advice? Luckily, Per Davidsson, Professor of Entrepreneurship at Queensland University of Technology can answer that in detail.  But first, what is entrepreneurship and what is growth for that matter? How do we define and measure them? Why does the best business advice come from the people farthest away from you? Why is buying customers almost always a bad idea? If you want to predict the future success of a business or know your odds before you set out on an entrepreneurial journey, or even help decide whether to accept that new job at a 'high-growth' firm...this is an unmissable episode which has something for everyone.  An easy listen which can help you understand some of the macro-laws behind business growth and profit.  I'm now thinking I should be charging for these episodes. Got to increase dem margins...

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