Forgot viability

Description

  • Any time spent planning and refining a product with negative profitability is kinda redundant no?

Disproof

  • At least a cocktail napkin with some idea of how much net money you could actually make from this

Consequences

  • The funniest thing would just be to run out of money building something
  • The saddest thing would be to build something that makes negative money due to operating costs

Causes

  • Usually happens if the product is disconnected from the P&L
  • When staff / operating costs are jealously guarded due to wage negotiating drama, making opex forecasts impossible
  • Skill issue in the person doing the modelling, who failed to grasp (and vet) the cost of actually operating these things

Approaches

  • It may not be the work of the product team to do the modelling, but they damn well better be pushing for it to happen
  • Variable costs better be verified by the teams actually generating said costs
  • If you’ve got a centralised finance team doing the modelling, I guarantee you their actual understanding of the dynamics of how these numbers scale won’t be as accurate as the teams generating revenue and costs
  • The business viability not only involves the cost to build, but the cost to sell and often the cost to operate
  • If there’s not a positive number at the end of this, or a number at all, you had better understand where the money is coming from and for how long