What revenue range does Daniel Fazio identify as the "black hole of business"?

Daniel FazioCo-Founder of Client Ascension & ListKit

The black hole of business

22 Feb 2023 · 0 min

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A short spoken commentary by Daniel Fazio about the so-called "black hole of business": an informal observation that companies often stall when they reach roughly $2–3 million in annual revenue because they must start hiring executives to grow further. He frames it as a choice point — either get stuck at that level or reinvest cash flow to hire and scale beyond it.

Questions this video answers

Somewhere between $2 million and $3 million a year.

I was reading something on Twitter. They're calling it the black hole of business. It's somewhere between like 2 and 3 million a year, where you're starting to get sufficiently large to where you need to start hiring executives. And I was like, that's so true. It happens right there. And it's like you're either going to get stuck right there or you're going to take the cash flow and plow it into that kind of stuff and go beyond it.