• Build a Real Business - Why 1% of a Huge Market Isn't Enough

  • Sep 24 2024
  • Length: 50 mins
  • Podcast

Build a Real Business - Why 1% of a Huge Market Isn't Enough

  • Summary

  • Note: This is a repost from an episode released last month on Bricks, Bucks & Bytes.


    "Building a f***ing business isn't about chasing 1% of a huge market."


    In this episode, Patric Hellermann share insights on construction tech startups and investment strategies. We explored the evolving landscape of ERP solutions, 3D visualization software, and the pitfalls of lazy market assessments.


    Tune in to find out about:

    ✅ Why targeting a small niche can lead to greater success

    ✅ The challenges facing new entrants in the 3D rendering space

    ✅ How to build a business by focusing on specific customers and channels

    ✅ The importance of achieving profitability in your core business

    ---------------------------------

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    This episode is brought to you by Shft—helping contractors like you leverage BIM to secure a leading position in the race towards construction’s digital future.

    Visit: https://maketheshft.digital

    —----------------------------------

    BuildVision is a procurement network for the $5T commercial construction market. We are transforming the commercial construction supply chain by bringing contractors, manufacturers, and project stakeholders onto a single software platform—revolutionizing how every component is sourced, purchased, and financed.

    --------------------------------- Timestamps

    00:00 Introduction and Icebreaker

    06:32 Navigating the Crowded Market: Opus Flow's Differentiation

    10:40 The Challenges of a Red Ocean Market and Margin Compression

    13:00 The Importance of Partnerships and Distribution for Opus Flow

    21:37 Becoming a Category Leader: Challenges and Opportunities for Opus Flow

    24:03 Introduction to the Rendering Industry

    26:28 Challenges Faced by Startups

    31:20 The Importance of Differentiation and Capturing Entire Workflows

    36:12 The Significance of Focusing on Specific Niches

    44:46 Building a Profitable Core Business

    48:30 The Misconception of Targeting a Small Percentage of a Large Market

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