A 20-year-old small company
hacklook.com
hacklook.com
The notion of "what is small" is interesting. I think of small mom and pop shops. But compared to the "giants" of which there are several 30 is really small.
https://www.sba.gov/sites/default/files/2023-06/Table%20of%2...
Here are some software related codes/sizes where $ amounts are in millions:
541511 Custom Computer Programming Services $34 n/a
541519 Other Computer Related Services $34 n/a
So, according to the SBA you are small until you do $34 million in business annually with no specific number of employees.According to ChatGPT:
To come up with this list, the U.S. Census Bureau provides detailed information on industries, including employment, revenue, and business structure. SBA economists analyze factors like average firm size, capital intensity, and industry concentration to determine reasonable thresholds for “small businesses.” They study the competition between small and large businesses in federal procurement, considering small businesses’ ability to compete for contracts. The annual budget for the SBA is $1 billion. This does not include $50 billion in various loan programs.
Here's a link to the ChatGPT session: https://chatgpt.com/share/6798e036-7f9c-8008-9190-b704d1cde5...
The U.S. Small Business Administration is a big operation!
for instance:
I was interviewing for a position at a startup in the alley of my profession a few years ago where my opening question was when my turn came: where do you see the company in 5 years?
- Sold!
Came the answer without a moment of hesitation. And that was it, the full answer.
Well, they got sold recently, I nod to that. But I did not want to become a salesman, so we wouldn't have get to an agreement even if the position was offered to me.
Getting to be stuck in a long running small organization that has the main purpose of getting big and be sold sounds a terrible life.
Company I work for was sold by the owners mostly because they had huge fights.
We were bought by company that is in similar business but they were not good with tech so we are their „innovation” center instead of them spending years to build innovation from scratch.
We are still separate business unit and continue our thing but they get customers from their network to use our software.
Downside of course being a business unit we have to adjust to some of their stuff and our boss has to explain expenses and deal with all kind of red tape.
It is 3-4 years now since we were bought out and this year company will be 10 years.
It is a good feeling reading this. The mentality that is (apparently) so rare today with the many ego pushing disrupters disrupting (obstructing actually, obstructers is the correct term here) life for everyone else. The providing service for others - shortly: creating actual, real value instead of appearances -, is not a typical and mainstream behaviour nowadays, the stability over fame, no, but the pushing spectacular sounding (made up for the purpose of sounding spectacular) elusive agenda on others for heaping up wealth is.
Manipulation instead of serving others is the norm.
Based on what hits the broad audience. Under the radar fair services like this are hidden from the public eye.
It’s all relative, of course.
But 50 people is big enough that as the business owner, you’d need to be permanently in hire mode, just to replace people moving on for various reasons. And you’d be frequently be exposed to your employee’s personal issues.
I prefer running a _really_ small company - just 5 people.
Can't think of anything I'd like less than working at a company that has 10,000 employees after 10 years and then 15,000 the next year. Talk about mostly being occupied with moving desks, onboarding people and having growth other such growth pains. Not sure why people idealize working in this sort of environment. Other than that it can offer lucrative salaries in a growing business, what's the pull?
But every time I had partners or colleagues there is this idea that growth is super important, everyone needs an assistant, and overhead grows to the point that you need $100k every month to make payroll. So everyone has to grind, and you have to take lower margin projects and it's 40 hours a week, except during crunch time where it's, well, a lot more than that.
I helped grow my second company to a profitable 20-person company, but I thought that was too big (and a lot of us worked crazy hours).
I joined and grew another company to around 30 people (I was not the owner so just following orders).
I was never able to find the right people at the right phase of life, with the right skill sets, so I have been a solo practice for a decade. But I always thought a 8-10 person, highly focused consulting practice is where it's at.
What is this company, what does it do? There are no links to a main web page, or anything other than these few blog posts.
but yeah insightful stuff.