Business Archives - Ermanno Attardo

Cost Optimization can save or destroy a company

January 1, 2023January 10, 2023

Reducing cost is an addicting drug for its immediate dollar feedback to your pockets. You taste it once and start wanting to reduce more and more. You’ll lose features, performance, and customers, but rationalize it’s worth a certain tradeoff. Sometimes, it is a good idea. But when the spiral becomes the main focus, you are in a DANGER zone. I saw this happen 3 times, in a startup, in a medium business, and in a Fortune500. I share a story from my own experience to explain the danger and opportunity of reducing costs.

Usage+Spend Forecasting on AWS with FinOps Foundation’s Best Practices

March 20, 2022May 2, 2022

Forecasting is the process of making predictions based on our assumptions about the factors driving the data of interest and its actual past and present values. The key value of having accurate forecasts is that they allow to be proactive, rather than reactive.

Shall I open a start up?

February 4, 2022May 6, 2022

An important indicator of success for a Company is whether it survives 5 years. In the USA only 35% do. According to the Nobel laureate Daniel Kahneman, Entrepreneurs get involved into their business plans, they think their great plan is an exception. Unfortunately, this is builder bias. 35% is a global statistic, meaning regardless of quality and sector, your startup has 2 chances in 3 to fail. Accept and live with it.