Company I started 15 years ago developed an online ordering solution for restaurants that worked with our point of sale system. At the time it was mostly pizza places and a few coffee shops that were early adopters. Online ordering itself allowed more orders to be processed quicker with lower error rates than over phone. But we were fools and only charged a monthly fee to use our solution instead of a per order charge.
Yes, your error was in having a smart business model that made sense for you and the customer. You should have gone hugely into debt, talked about synergies and social justice and maybe toss some cloud computing in there, charged exorbitant rates (and yet still never turn a profit) and you could have been the next tech billionaire.
We just had a profitable business that we sold to a larger company for $25M. Guess I'll have to settle to being in my 40's with no debt, a bunch of farmland, and a growing machine gun collection.
Company I started 15 years ago developed an online ordering solution for restaurants that worked with our point of sale system. At the time it was mostly pizza places and a few coffee shops that were early adopters. Online ordering itself allowed more orders to be processed quicker with lower error rates than over phone. But we were fools and only charged a monthly fee to use our solution instead of a per order charge.
Yes, your error was in having a smart business model that made sense for you and the customer. You should have gone hugely into debt, talked about synergies and social justice and maybe toss some cloud computing in there, charged exorbitant rates (and yet still never turn a profit) and you could have been the next tech billionaire.
We just had a profitable business that we sold to a larger company for $25M. Guess I'll have to settle to being in my 40's with no debt, a bunch of farmland, and a growing machine gun collection.