Andrew GazdeckiSerial Entrepreneur Driving Startup Acquisitions

The Importance of Long Term Tenure Mitigating Risks and Building a Strong Business

19 Jul 2024

Watch on YouTube

This is a YouTube video titled "The Importance of Long Term Tenure Mitigating Risks and Building a Strong Business" containing a discussion between two speakers about the risks associated with businesses that have less than three years of tenure, emphasizing the importance of long-term stability for business success. The content was created in July 2024.

Without that long term tenure, 36 months or more, it becomes more risky. It's similar to a, you know, a.
Fresh startup.
Business within the first year, there's not much data to make an informed decision off of.
Right, That's a good point. It's, it's, everyone hears that saying. It's like most businesses fail within the first three years. And that's why a lot of buyers try to look for a deal that has at least three years of history, because they know that they've survived the figuring out of figuring out their client base and their product and all of that. And brand impact tenure.