You know what gets my goat? People who torch their perfectly good businesses trying to “10x” them. Last week, I had coffee in London with a friend who
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Why I used to hoard cash (a confession)
Around 6 years ago, I had a conversation I never forgot. A conversation about business cash. It went like this: Friend: “Olly, how much cash do you keep
Why you can’t enjoy your holidays
A few summers ago, I was on a driving holiday in Scotland. Glorious. Driving through the dramatic landscapes of Skye and Inverness… I felt like I was on
Why do you spend all that money?
As StoryLearning grew, I got used to something that sucked: Money coming in through the door. And then flowing right back out again. Now, this never used to
Exactly what to do from $0 to $3M revenue
After working with 200+ education businesses this year, I’ve noticed that growth tends to break down in three different ways: $0-500k: More $500k-$1m: Better $1-3m: Less Knowing this,
Annual Business Review from 2024
Welcome to my annual review from the year that was 2024. Here’s the context:My rationale for starting this newsletter business in the first placeHow I made $175k in
How To Rewire Your Money Brain
From: Olly Richards12th April 2024Hobbitshire: AKA AtlantisThe other day, I was chatting with an entrepreneur about money.He was telling me about his strategy for spending the money he
Who Do You Need On Your Finance Team?
From: Olly Richards15th March 2024Hobbitshire: Not an invoice in sightFinance is never a problem for an online business…Until it is.For the first 4-5 years of my business, I
Your Online Business Needs 30% Margins
Hot take:If you run an online education business, your net margins should be at least 30%.In today’s newsletter, I’m going to explain why.Most material on things like margins
Money Needs A Plan
From: Olly RichardsHobbitshire: Literally sitting in a castle right now Entrepreneurs are weird when it comes to money.We great at making it.But once we have it…We’re terrible at knowing