IntrivoHealth Diagnostics Co-CEO, Reeve Benaron
IntrivoHealth Diagnostics Co-CEO, Reeve Benaron
As an entrepreneur and the originator of Intrivo, Reeve Benaron has been building tech for 20 years. He knows what it means to fail and succeed in his industry – and now he is here to share what he has learned with you. Combining a passion for technology with a devotion to business innovation, he has successfully built successful start-ups and long-lasting businesses. This article will discuss crucial steps Reeve Benaron and his company Intrivo take to ensure success in the business world.
Don’t Stay in a Boring Industry
The world has changed significantly over the past century. In the early 1900s, a handful of companies controlled most of the economy. Today, that number is reduced to only three companies. Intrivo knows that the world is moving at light speed now – so they will not stay put in their boring social gaming industry. In late 2016, Reeve Benaron and his co-founder Evan Shapiro launched Intrivo into the eCommerce space. This is a logical move for entrepreneurs who want to build businesses that can grow as quickly and as large as possible.
Optimize For Revenue, Not Profits
This one is simple. Profits are money you take at the end of the day, whereas revenue is the cash you generate from customers, Reeve Benaron recalls. The best entrepreneurs and companies out there focus on revenue first because this keeps them in business day after day. If a company builds a product or service with a monthly subscription fee, it can generate consistent income from its best customers as long as it can get people to subscribe to their services.
Use Conservatively
Reeve Benaron follows this rule with all his employees, vendors and partners. It is vital to predicting your expenses and income so that you are not surprised at the end of one month or quarter. For healthcare and business expert Reeve Benaron, it’s all about filling his freezers with food while still living within his budget.
Once you start an e-commerce company, you must also determine how much money you want. Reeve started with almost nothing in this case, but he has grown Intrivo into a multi-million dollar company.