🥇 𝐅𝐢𝐫𝐬𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐯𝐬. 𝐅𝐢𝐫𝐬𝐭 𝐭𝐨 𝐩𝐫𝐨𝐟𝐢𝐭 💲 Being first to market sounds great, but is it always the best strategy? First place, the pole positions, number one - all positive. So, it’s no surprise that the idea of “first to market” creates visions of the smartest, the most innovative, the best. But what sacrifices were made to position the product in that coveted first to market slot? Were corners cut on: 😳 Value propositions? 😟 Processes? 😨 Partnerships? 😱 Pricing? Being first to market won’t mean anything if the product isn’t profitable. Companies who survive, grow, and are sustainable tend to focus on being 𝗙𝗶𝗿𝘀𝘁 𝘁𝗼 𝗽𝗿𝗼𝗳𝗶𝘁 (cha-ching!) [̲̅$̲̅(̲̅5)̲̅$̲̅] [̲̅$̲̅(̲̅5)̲̅$̲̅] [̲̅$̲̅(̲̅5)̲̅$̲̅] Because being first to market without a solid alignment of values just might make you “first to fail” ☠️ And that’s not a distinction anyone wants! ☠️ Have you shifted your focus from being first to market over to profitability? Let us know what steps you took in the comments below! ⬇️ > > > Check out my full interview with Pradeep right here: https://lnkd.in/gsahvxN #coiq #podcast #healthtech #digitalhealth #startups #firsttomarket #innovation #healthcare
First to the market definitely doesn’t always mean the winner I feel like hardly ever is that company the one who wins in the end. Now profit means value creator! Having an abundance mindset vs scarcity is definitely important! 🎙Dr Roxie Mooney, DBA
I'd rather be in the first to profit camp 🎙Dr Roxie Mooney, DBA!!
This is really impressive! 🎙Dr Roxie Mooney, DBA
Impressive guest! Thanks for sharing.
Great guest Dr Roxie!
Really interesting thoughts from the guest.
Good stuff 🎙Dr Roxie Mooney, DBA!
That's actually pretty clever. Great! 💡
Thx for sharing this new viewpoint Dr Roxie!
Hospital pharmacy specialist@ Dr. Sulaiman AL Habib Medical Group | Pharmacology, Pharmacy
4yThanks for sharing