How much do you like your industry?

Question

I'm traveling home from another big conference and, like always, I get to rub shoulders with many other companies in my industry. We are heavily involved in the hospitality industry and franchisors/franchisees. From this convention it has raised more frustrations on our team after we saw and learned a few things from key notes.

Labor costs are up.

Capital costs are up.

Margins are being squeezed.

Budgets are tight. but it's 'aight!

As I'm musing on the last week, I do like my industry, but just a bit less as I sit here waiting for my plane with a rum and coke in my hand.

How are you guys feeling? the grass is always greener but many fields are different grass!

Accepted Answer

We unfortunately lost some of the biggest clients due to budget freeze, headcount being dropped etc etc but on the other hand we are also getting a lot of traction from Enterprise companies. Our product is being used by multiple depts within an org!

Enjoy your glass 🥂

Answer

I'm not gonna lie. I like what I do but I am not in love, ya feel?

Answer

My husband is in the hospitality industry so I can relate to the challenges (he owns a pretty large restaurant chain-- among other businesses). The pandemic was a big challenge for restaurants as you are probably well aware. The margins are thin so you (business owners) need to be very smart on your costs. Maybe I'm oversharing but he wouldn't have significant profits if it wasn't for the fact that he also owns the real estate. The real estate is the moneymaker. Why did I share all of this? It's a very tough industry to be sure. Business owners need to find alternate sources or revenue in order to thrive in this vertical.

Regarding MY industry, I am in commercial insurance and I love what I do. I primarily call on CFOs and really enjoy helping organizations make the most of their operating dollars as well as helping them to mitigate risk/s.

Answer

I love Healthcare because of the fact that it will always be important and I genuinely get to make a difference in patients/providers lives. That being said, there is also a healthy disdain for what can only be considered an extremely broken system

Answer

Not as good as someone would expect it,it's still not like my salary was cut but inflation rates just went loco.

Answer

HVAC, It’s extremely challenging but also fun and satisfying when those wins come in.  Some days are extra challenging though. Lol.

Answer

We sell into any enterprise, so we get to talk to a wide variety of verticals.   If we were a larger company, maybe we’d have vertical specialists, but we aren’t, so we all have diverse accounts.

Answer

What I’m doing now is 100% just for the money. I don’t love it because I’m not particularly making a difference in anyone’s life. That being said, it’s paying enough to support my family and let me build up a side project that would legit help people and has the potential to make more money than I ever dreamed of. Can’t give any details because it would give it all away, it’s very early stages and will be a lot of money in before we can even launch, but I have high hopes.

DungeonsNDemos

How much do you like your industry?

14 comments

DungeonsNDemos

How much do you like your industry?

14 comments

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