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Half my business comes from other companies in the wework network. I also regularly contract out work to people in the network.
by lloyd-christmas 9y ago
Half my business comes from other companies in the wework network. I also regularly contract out work to people in the network.
- madaxe_again 9y agoSo you're saying you've built a business 50% dependent on someone else's business. That's fragile.
- lloyd-christmas 9y agoThat's some piss poor logic. Half my current business comes from a network I belong to. That doesn't mean that it's DEPENDENT on that network. If I go to the same restaurant everyday but that restaurant goes out of business, do I starve? I just go to the place next door.
- linkregister 9y agoYou think the entire B2B business model is fragile? Only consumer-facing companies are resilient enough for you?
- BillinghamJ 9y agoRelying on a single client/company for 50% of your revenue puts you in an extremely fragile position. Very common reason for failure in B2B companies - relying on a single big fish which will make or break the company.
- lloyd-christmas 9y agoBut that isn't what I said. I said I get 50% of my clients from the network, not that I need the network to get 50% of my clients. They are drastically different things. It's client acquisition cost. Why pay to go apple picking when I have an orchard in my back yard?