Not sure if a good business model or not...

[mosdef]

So I'm working a slow lane job in the HR industry, my current CEO has offered me to start a niche company under their name and get about 4.5% of the new company.

I'm thinking of telling them NO and just starting my own business instead. Problem is :

- Not fully following the rules of CENT. Anyone with a computer, some knowledge of the industry, and some drive can start the same business model.
- Very hard to scale beyond 3-5 $M in revenue/year. Revenue is correlated to the number of employees.


On the other hand, if I can make this work, it should be possible to lay out the work on employees and focus on scaling/new Fastlane business models.

Any guidance would be appreciated, thanks.

 

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[Brass Pockets]

So I'm working a slow lane job in the HR industry, my current CEO has offered me to start a niche company under their name and get about 4.5% of the new company.

I'm thinking of telling them NO and just starting my own business instead. Problem is :

- Not fully following the rules of CENT. Anyone with a computer, some knowledge of the industry, and some drive can start the same business model.
- Very hard to scale beyond 3-5 $M in revenue/year. Revenue is correlated to the number of employees.


On the other hand, if I can make this work, it should be possible to lay out the work on employees and focus on scaling/new Fastlane business models.

Any guidance would be appreciated, thanks.

Hi, i'm thinking of doing the same and have hung around the idea for 4+ years although i do have a website, structure etc but haven't a marketing approach that i was comfortable with. I've now joined Fox's Legends and that linked with a couple of other ideas feels worthwhile to me. Its a marketing strategy you need to scale ive always thought.

As an HR guy myself i see a lot of potential here to earn high numbers and scale it upwards. I found a company online that is doing well in this field and dived in to see what they do as their front is only HR but there's lots more going on in the background in additional services.

I've ran the numbers to £5m in 8 years but you will need to have a strong mergers and acquisitions drive as well as be open to inward investment with a view to selling to them or some other buyer. On its own it wont scale but my view is to gear the value and offload at that point for £45m, probably to a large player or form a few smaller companies into one larger one so the big dog buys me out before i eat into his market share!

Find a company that does what you want to do, look for traces of success by working backwards into their past/news/industry highlights etc etc and you will have a plan.

All the best

 

[mosdef]

Hi, i'm thinking of doing the same and have hung around the idea for 4+ years although i do have a website, structure etc but haven't a marketing approach that i was comfortable with. I've now joined Fox's Legends and that linked with a couple of other ideas feels worthwhile to me. Its a marketing strategy you need to scale ive always thought.

As an HR guy myself i see a lot of potential here to earn high numbers and scale it upwards. I found a company online that is doing well in this field and dived in to see what they do as their front is only HR but there's lots more going on in the background in additional services.

I've ran the numbers to £5m in 8 years but you will need to have a strong mergers and acquisitions drive as well as be open to inward investment with a view to selling to them or some other buyer. On its own it wont scale but my view is to gear the value and offload at that point for £45m, probably to a large player or form a few smaller companies into one larger one so the big dog buys me out before i eat into his market share!

Find a company that does what you want to do, look for traces of success by working backwards into their past/news/industry highlights etc etc and you will have a plan.

All the best

Thanks for replying, my current employer is about 18 employees and about 1 million in profit each year. I know the ins and outs of the company. So i know that it can be done, but its still note following the guidelines of CENT

 

[Filippos]

If I were you, I would do it and get a junior or younger colleague with potential to run it under your supervision. You can be a mentor to someone that will be very grateful to you later and make money while you still get time to start other projects that get you excited

 

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[mosdef]

If I were you, I would do it and get a junior or younger colleague with potential to run it under your supervision. You can be a mentor to someone that will be very grateful to you later and make money while you still get time to start other projects that get you excited

I think it will be hard to get someone to do it fully form the start but i think it's possible to outsource most of the work rather quick.