Community and technology are important aspects of any business, but they are not the only considerations.
It’s essential to also focus on the business side of things, including questions like:
👉 What is your business model? How do you generate revenue? 👈
It’s easy for Web 3.0 native companies to get caught up in talking about their community or their technology and forget about the fundamental need to generate revenue and sustain their business.
While building a strong community and utilizing innovative technology can certainly be beneficial, it’s important to remember that at the end of the day, you are a business, and you must monetize your community or technology in order to stay alive.
It’s essential to strike a balance between the various components of your business, including community, technology, and revenue generation.
To build a successful and sustainable business that can thrive in today’s competitive market, you must focus on all of these.
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