As we live through these difficult times of the virus and lockdown, I know that Netcore will come out even stronger – we have converted every crisis into an opportunity. As I told my colleagues at a townhall meeting recently, Netcore has 3 significant strengths compared to our competitors – profits, cash in the bank, and no investor pressuring us to cut 25% of our costs. This helps us take the long view – an “infinite mindset” in the words of Simon Sinek.
True, the next few quarters will be challenging. There is uncertainty about the future. I don’t have too many memories of 2008 since Netcore was very small then. But I know that the basics of business don’t change. Eventually, all businesses are valued based on their future cashflows – and for that, profits have to matter. All of us in Netcore are focused on creating a “built-to-last” business – without worrying on what the exit is going to be.
It is the same mindset I had at IndiaWorld – love the business enough to be able to run it for the rest of your life. Only then will one make the decisions to make the business stronger daily. If one is distracted by the objectives of investors and raising capital continuously to fund losses, eventually the interests of employees and customers will take a backseat. Profitability is a mindset and a founder’s DNA – it cannot just be developed overnight.
I hope the world will see more profi-corns. It is not an impossible mission – it just means committing to a different set of choices. By making employees and customers central to the mission, by ensuring costs never exceed revenues, by realising that there is no finish line in business, by continuously learning from mistakes and not giving up on the things that truly matter, by believing that profits and growth are both possible simultaneously – every entrepreneur can work to building a profi-corn. It is a happier journey.