[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 29 KB, 250x245, think-1527668671049-pepe.png [View same] [iqdb] [saucenao] [google]
15006205 No.15006205 [Reply] [Original]

So I have a business that has a revenue of £9.2 million an a net income of £220,000 a year.

Basically I rent a small warehouse and own a machine that's in the warehouse. Every morning my 3 suppliers come to deliver components, I feed it into the machine and in the evening a logistics company comes to collect the finished product and takes it to my sole customer.

It's a very niche business, and my contract with the sole customer ends in November 2021. They've already signed a new contract with another company so when November 2021 rolls around that's the end of my business.

What do I do then? I've got a couple of years to prepare at least, but don't have a clue what I'll do then

>> No.15006226

You have 2 years to find 1 customer, i dont think you gonna make it lad

>> No.15006235

>>15006226

Im not sure if you're being sarcastic, but the customer I have is the sole customer in the world that has a use for my product. So when November 2021 comes around, that is absolutely the end of my business

>> No.15006236

>>15006205
buy link

>> No.15006252

If you're going out of business can you tell us what the machine is and what it makes?

>> No.15006270

>>15006235
what is it?

there cant be only one customer in the world, and if there really is only one, how the hell did you even start the business

>> No.15006285

>>15006205
Thanks for the first real world post on biz in fiveever.

If your client has been working with you this long, did you epic-fuckup to make them find another? Or can you just invite your contact for drinks and have "the talk" about what price will keep them?

>> No.15006316

>>15006205

This isn't a "niche" business.

This is the only business.

Learn how to speak faggot.

>> No.15006318

>>15006252

It's basically making a sensor for a car manufacturer

>>15006270
There is, it's a specific component for a specific brand.

I just can't compete price wise with my competition, my margins are thin enough as it is

>> No.15006382

>>15006205
Can you modify your machine to produce a different product?

>> No.15006396

Sell it

>> No.15006398

>>15006205
take everything you have and buy ___, wait a year and the closest thing to "work" you'll be doing is bending down to get into your Veyron & pressing the button inside the elevator at your estate.

>> No.15006840

>>15006318
Who is your competitor selling to at the moment if there is only one customer?

>> No.15006865

>>15006840
Yeah, this.

How did you ever establish this business if it's so niche?
Can you not adapt or repurpose your equipment to produce a different component for some other use?

So many questions unanswered.

If it really is the end of the road then I guess sell up, maybe even sell the equipment to your competitor, and take your capital elsewhere.

>> No.15006869

is this a child organ farm?

>> No.15006972

>>15006285
>Thanks for the first real world post on biz in fiveever.
This. We need more of this stuff.
>>15006318
What allows your competitor to deliver the product cheaper?
Surely other cars must use a similar sensor that you can adapt to?

>> No.15006990

>>15006205
Imagine thinking this hard instead of just making hella money on flipping OTOCASH, retiring early.

>> No.15007041

>>15006865
>Can you not adapt or repurpose your equipment to produce a different component for some other use?
this is the correct answer
you still have the space, choose a different machine to invest in, one with more than one person to sell to

>> No.15007044

>>15006205

why cant you retool your setup to produce something else?

>> No.15007068

>>15006205
Talk to the competition that it's poaching your customer, maybe you can be their subcontractor?

>> No.15007096

Put youre dick in the machine to make it more sensitive

>> No.15007199

>>15007096
instructions unclear, I'm dick stuck in the machine

>> No.15007834

We are just helping OP with his business school homework. End of story