Bootstrapped, Profitable, & Proud: Admoda

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41 pointsrevorad7 comments

We are $970,000 away from getting a spot on Bootstrapped, Profitable & Proud.

Keep going

I prefer to think of it as "How many 5% lifts do I need to hit this revenue target?" You only need 72. That's totally doable, and that assumes you don't ever have something more effective like a new product, business model change, price increase, etc.

Do you have a magic formula for work that out?

Magic? Only simple math:

y times 1.05 raised to x = z

Where y is your currenty number, x is the number you want to solve for and z is the number to reach.

x = (log z - log y)over log 1.05

All you need to know can be seen on(http://en.wikipedia.org/wiki/Logarithm)

edit: forgot a log

Gee I was really hoping for some magic, I guess this will do.

Thanks ;)

I truly enjoy this series. It gives genuine insight into today's companies (i.e. not a Microsoft or Apple) and offers real advice that startups can act on right now.

Two really good posts:

WooThemes | http://37signals.com/svn/posts/2359-bootstrapped-profitable-...

GitHub | http://37signals.com/svn/posts/2486-bootstrapped-profitable-...

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