So I had a blast in vegas, got to hang out with the snowbank empire and got to talking. Our conversation started to move towards big money. While I currently run a successful small business, there is a geographical and market cap on what I do.
I'm sure a lot of business owners on this forum are confident they can create a business that pulls in 500k - 1 mil within a few years at most. (Maybe I'm delusional but I think that one is fairly easy).
But what is it about a business that makes it grow to 100 million? Are there any businesses that large that do not deal in staggeringly competitve markets such as technology, retail (i.e. wal mart), or necessities?
At what point can you really call a business fastlane? Any business that grosses 1 million per year is a respectable business and great for the community, but that certainly will not let you drive the lambo some of us lust for. Especially with margins into play for us B&M businesses out there. My personal idea is to eliminate overhead in my new startup using the internet and technology. But that still does not increase income of the business dramatically.
I am going to study this if anyone would like to join me. I guess to define the question:
"What components cause a company to be a 100 million dollar company istead of a 1 million dollar company and how can we follow the same?"
I'm sure a lot of business owners on this forum are confident they can create a business that pulls in 500k - 1 mil within a few years at most. (Maybe I'm delusional but I think that one is fairly easy).
But what is it about a business that makes it grow to 100 million? Are there any businesses that large that do not deal in staggeringly competitve markets such as technology, retail (i.e. wal mart), or necessities?
At what point can you really call a business fastlane? Any business that grosses 1 million per year is a respectable business and great for the community, but that certainly will not let you drive the lambo some of us lust for. Especially with margins into play for us B&M businesses out there. My personal idea is to eliminate overhead in my new startup using the internet and technology. But that still does not increase income of the business dramatically.
I am going to study this if anyone would like to join me. I guess to define the question:
"What components cause a company to be a 100 million dollar company istead of a 1 million dollar company and how can we follow the same?"
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