4 ms·
30 employees and 15000 dollars of revenue per month? 500 dollars worth of revenue per employee per month? This is not a viable business.
by gdhbcc 8y ago
30 employees and 15000 dollars of revenue per month?
500 dollars worth of revenue per employee per month? This is not a viable business.
- phnofive 8y agoI can’t help with the math, but there are several employees who are at least partially funded with grants.
- gdhbcc 8y agoA company whose existence relies on government handouts is by definition not sustainable though...
- phnofive 8y agoYour premise aside, a grant is not a handout.
- gdhbcc 8y agoSorry, but in this case it most definitely is. Now you may argue that there are social and health benefits to having handicapped people doing useful (if inefficient work) and that's a perfectly legitimate argument to make. But the fact of the matter is that such subsidies, while ethically or even socially positive do not have a positive ROI in financial terms, hence they are by definition a hand out.
- patwalls 8y agoThe employees are not full time and work very minimal hours. Check out a bit later in the interview he talks about it more. The founder also addressed more on this in this reddit post: https://www.reddit.com/r/EntrepreneurRideAlong/comments/9pbf6i/15kmonth_selling_fruit_snacks_shark_tank_profit/ https://www.reddit.com/r/EntrepreneurRideAlong/comments/9pbf...
- gdhbcc 8y agoThat doesn't really address the issue as much as it acknowledges it. It's like someone is pointing out a hole in the bottom of the boat, and the captain looks at it and says "yes, there's a hole in the bottom". A good thing to be sure, but not one that actually fixes the issue,...
- moorhosj 8y agoRevenue grew from $8k to $150k in two years. You have no idea if this is a viable business, but the market seems to like it. They clearly in scaling mode: ==Peaceful Fruits is in the middle of a production expansion to 5x capacity so that we can hit breakeven levels and beyond.==
- philipodonnell 8y ago$75K and "a bump every rerun" in 2017 was due to Shark Tank. That is neither sustainable nor repeatable.