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Startups might poof into smoke in a matter of months while your local plumbing company has been a family business for half a century and has no shortage of work
by asdff 3y ago
Startups might poof into smoke in a matter of months while your local plumbing company has been a family business for half a century and has no shortage of work.
- ozim 3y agoEverything you wrote already outlines why nothing about family owned plumbing company is interesting. My father was not a plumber and he had no business like it - as a young person looking to make my impact on world it doesn’t matter. Has no shortage of work but also cannot scale besides couple employees and trusting/trusted customers, word of mouth - as an investor that’s not good for me and I am out. Good for people running those businesses but instead of trying to fight incumbent companies on existing market where they had 50 years headstart - and they will push me out to keep their turf - I have much more opportunity trying to do something new or something I can grow in multiple ecosystems in case it goes poof in one place, where in other place it might blossom.