In hypergrowth startups, work-life balance is a myth.
Don’t take my word for it: ProfitWell (formerly Price Intelligently) decided to analyze actual growth data.
Here’s what they found:
“Companies who have a founder who has a hobby that takes up more than 10 hours of their week are growing at roughly a 20% slower rate than those who don’t have a significant hobby.”
This is consistent, too. And growth is cumulative, which means you fall further and further behind.
What about growth for the startups whose people go “all-in”?
“The all-in folks are growing at nearly double the rate as those who are more conscious to work-life balance.”
Pretty extreme difference.
If you’re trying to build a business as quickly as possible to achieve product/market fit, find a path to profitability, or just dominate a market, you need to build a tribe of people who are all-in, willing and able to execute as hard and as fast as possible to cross those chasms.
Then, once you can consistently execute against your fundamental unit of sales growth, go back and find all the work-life balance you want. You’ll have earned it.
Read ProfitWell’s report here: https://lnkd.in/e8N3QQk