🧵2/11In this post, I talked about PayDay, a fintech company that has recently made waves in the business world. It all begins with the eye-catching revelation of a high-ranking executive earning a substantial $15,000 per month.
🧵3/11 What makes PayDay's story particularly fascinating is the unexpected decision to sell the company just six months after raising an impressive $3 million.
🧵4/11 Normally, such a move would be associated with financial struggles, but that's not the case here. PayDay seems to be thriving, with the ability to afford such generous executive compensation and a strong workforce.
🧵6/10 However, the article takes a more delicate approach, steering away from judgment and investigation, and instead, I emphasized an important lesson.
🧵7/10 The need to prioritize progress over emotional attachment to one's business. It changes entrepreneurial wisdom, especially in regions like Africa, where staying with one's business is often seen as the only path to success.
🧵9/10 The article draws inspiration from giants like Twitter, Reddit, and Instagram, highlighting that even these big companies changed hands over time for the sake of progress.
🧵2/11In this post, I talked about PayDay, a fintech company that has recently made waves in the business world. It all begins with the eye-catching revelation of a high-ranking executive earning a substantial $15,000 per month.
🧵3/11 What makes PayDay's story particularly fascinating is the unexpected decision to sell the company just six months after raising an impressive $3 million.
🧵4/11 Normally, such a move would be associated with financial struggles, but that's not the case here. PayDay seems to be thriving, with the ability to afford such generous executive compensation and a strong workforce.
🧵5/10 Around the acquisition buzz, rumors spread regarding a potential managerial conflict as the reason behind this surprising decision.
🧵6/10 However, the article takes a more delicate approach, steering away from judgment and investigation, and instead, I emphasized an important lesson.
🧵7/10 The need to prioritize progress over emotional attachment to one's business. It changes entrepreneurial wisdom, especially in regions like Africa, where staying with one's business is often seen as the only path to success.
🧵8/10 In the world of business, what should one value more - holding onto an existing business or seizing new growth opportunities?
🧵9/10 The article draws inspiration from giants like Twitter, Reddit, and Instagram, highlighting that even these big companies changed hands over time for the sake of progress.
🧵10/10 It underscores the importance of strategic thinking in making significant business decisions, such as acquisitions or partnerships.
To create an engaging and interactive discussion, I encourage you to visit and share your thoughts Business, Progress, & Strategic Decisions