Commercial Real Estate Pro Network

Commercial Real Estate Professionals who work with Investors, Buyers and Sellers of Commercial Real Estate. We discuss today's opportunities, problems & solutions in Commercial Real Estate.

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BIGGEST RISK with Barry Greenfield


J. Darrin Gross

I'd like to ask you very Greenfield, what is the biggest

 

Barry Greenfield  

For Local Works, the biggest risk we have going forward is not growing quickly enough, there's a huge market out there that we've already proven, exists and can be profitable. And in order to scale at the pace, we need to scale add, probably require some form of investment, you know, we're adding, we're trying to add three or four locations every two months. But in reality, to get to where we want to be in terms of a real hyper growth company, we probably need to be adding five or six locations a month. And part of the problem is, we spend so much time making sure each location is successful. And that requires a lot of manpower and a lot of focus. So we've turned down opportunities that we probably should be taken. And if local works is going to grow to compete with these other large companies that are in the press all the time. We need to start taking not turning away that business and find a way to fund a larger team that can handle you know, growing to 250 to 500 locations. So it's nicely a risk to the company failing, it's just a risk to the company being even more successful.


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 September 14, 2021  1m