Abandon Success For Better

Shaan Puri shares his experience with his early sushi delivery business, highlighting the importance of being willing to pivot or abandon a business even when it's working, if better opportunities arise.

Key Points:

  • Initial Success Doesn't Equal Long-term Commitment

    • Business was profitable from month one ($13 profit)
    • Reached $30,000 in revenue by month two
    • Despite growth, team realized they were in the wrong business
  • Recognition of Fundamental Issues:

    • Core product (sushi) was only consumed occasionally by customers
    • Real opportunity was in general food delivery, not specific cuisine
    • Team was young and hadn't committed deeply to any stakeholders
  • Decision Making Process:

    • "Maybe the first business idea we ever had in our lives might not be the best one"
    • Recognized they could switch to a different business altogether
    • Avoided the trap of staying consistent with previous commitments
  • Key Learning:

    • Most people feel compelled to continue when something's working
    • Making money can create false validation
    • Being young and uncommitted allowed for easier pivoting
  • Operational Challenges That Led to Decision:

    • Waking up at 4 AM for fish market
    • Working until 11 PM
    • Doing everything themselves (didn't know to hire people)
    • Physical demands of running a restaurant
  • Wisdom in Walking Away:

    • Staying would have been a "terrible decision"
    • Better to recognize wrong path early
    • Success metrics shouldn't override fundamental business alignment
11:09 - 12:52
Full video: 52:47
SP

Shaan Puri

Host of MFM

Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.

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Restaurateur
E-commerce