@CalebChamberla6 Making it past year 5 means you are in an elite class. You are almost to year ten which is even more rare. Year 20 will be here before you know it and the others will be long gone.
@CalebChamberla6 You don’t need investors for decades-long growth, you already have the recipe. Cash flow + time will get you there. Real momentum starts at years 15-20, and you have all the control. No investor wants to commit for more than 5 years no matter what they tell you.
@67Designs@CalebChamberla6 One of my competitors grew fast in the free spending dot com days. Then they collapsed under their own weight. It worked out for me because I was able to get their near new equipment at the liquidation. The long game is undefeated.
@zanehengsperger The “build vs buy” equation is so much easier today than in the 1990s. There is much more information available today so you can build from scratch with lower risk.
Our job shop used to serve dozens of customers. Then came the “enterprise” customers who needed white glove service. Guess where our quoting team spent their time? Guess where our sales team spent their time? Guess who bought new equipment just to serve these “enterprise” customers? At first it looked good on paper, and then our customer concentration changed. A few customers now made up 40 percent of our revenue. Then guess what happened when they left for a lower bidder?