So it looks like Microsoft are entering the telecoms market. Teams is now everywhere. A lot of our resellers are coming back to us saying "hey we tried selling a phone system to this company but all they kept talking about was Microsoft Teams". Basically a combination of changing trends and corona virus have suddenly resulted in a lot of the small to medium businesses that would have normally bought a phone system are now using Microsoft 365 for everything and they really don't see the point in buying a separate phone system. Microsoft have also made it clear they have every intention to take over the small business phone system market with Teams.
The above in combination with apps taking over for ordering food/taxis and basically every interaction with a business or service I think spells the writing on the wall for what was our main cash cow for 5 years. What I'm trying to do now is convince my idiot partners who seem to have this blind optimism to stop pissing all our current profit away on pointless feature development and to just cash out while the going is good. I reckon we probably have about 5 years of profitability left then things are going to tank hard. I'd like to have extracted what money I can before then but I fear my partners are going to push on with this development death march and end up just making a bunch of devs rich instead of ourselves.
You see I have my fingers in other pies and would like to capitalise on those opportunities before they too get swallowed by the winds of change. My partners on the other hand are older and I think see this as their last rodeo and were hoping it would see them in to a comfortable retirement. I think I'm going to have to break some bad news to them.
Think Microsoft and the future is going to kill my business
So it looks like Microsoft are entering the telecoms market. Teams is now everywhere. A lot of our resellers are coming back to us saying "hey we tried selling a phone system to this company but all they kept talking about was Microsoft Teams". Basically a combination of changing trends and corona virus have suddenly resulted in a lot of the small to medium businesses that would have normally bought a phone system are now using Microsoft 365 for everything and they really don't see the point in buying a separate phone system. Microsoft have also made it clear they have every intention to take over the small business phone system market with Teams.
The above in combination with apps taking over for ordering food/taxis and basically every interaction with a business or service I think spells the writing on the wall for what was our main cash cow for 5 years. What I'm trying to do now is convince my idiot partners who seem to have this blind optimism to stop pissing all our current profit away on pointless feature development and to just cash out while the going is good. I reckon we probably have about 5 years of profitability left then things are going to tank hard. I'd like to have extracted what money I can before then but I fear my partners are going to push on with this development death march and end up just making a bunch of devs rich instead of ourselves.
You see I have my fingers in other pies and would like to capitalise on those opportunities before they too get swallowed by the winds of change. My partners on the other hand are older and I think see this as their last rodeo and were hoping it would see them in to a comfortable retirement. I think I'm going to have to break some bad news to them.
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