3 ms·
The skill of management is what allows you to recruit (see above. Good pay, career path, good training, treating people like humans, driving growth which create
by meetingthrower 4y ago
The skill of management is what allows you to recruit (see above. Good pay, career path, good training, treating people like humans, driving growth which creates opportunities for staff.) Most do not have it.
Of course I have selection bias. But I would say if you took a y-combinator founder and said "start a trade business", in 10 years that founder would have >50% chance of cashing out for $30M or more. (Which means $5M EBITDA, on typically a 30% EBITDA margin business. So $15-20M revenue.) And they would be able to cash flow it. AND they would be taking the profits out as they go.