Seven Years at Stedman Solutions.

Seven Years at Stedman Solutions.
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This week marks my 7th anniversary of Stedman Solutions, LLC being my full time job and my primary source of income. It also happens to be the 7th anniversary of the last time I got fired.

What’s happened over 7 years?

  • Grew the team from 0 to 1, and eventually to 5 and still growing.  
  • Updated the JOIN Types poster and evolved the JOIN types presentation into an online course.
  • Various charitable company donations to charity, including Toys for Tots.
  • Have helped many customers, both with short term quick fixes and ongoing support.

I have also made a few mistakes, along the way and I have survived them.

  • Attempted to merge my company with another company, and later found out it was not to be an equal partnership. Aborted that project and walked away.
  • Made mistakes in the beginning on taking advice from a family member who is a book keeper rather than talking with someone more knowledgeable. 
  • Learned to not officially announce your new company on April 1st. Too many people think it’s an April Fools Joke.
  • I learned you don’t let clients get too far behind on payments and that payment terms of 90 days were not acceptable. Now payments are typically due up front for first time customers, and within 14 days for regular customers. One client I worked with was about 10 weeks behind. They filed for bankruptcy to reorganize and were able to legally walk away from all those payments. The interesting thing was that that customer looked solid and I never would have guessed they were on the verge of bankruptcy.

When I started the business, things were tough for the first month or so, and then there was one other time (see my client bankruptcy notes above) where things were really tough, but other than that I have been very fortunate and have typically had more than enough work for myself and the team.

Seven years down, let’s see what happens next.

  • More corruption repairs.
  • More happy customers.
  • More online classes.
  • More features for Database Health Monitor.

I would like to say THANK YOU to all of our customers that have helped me grow this business over the last 7 years with this coupon “ANNIVERSARY” for any of our online courses. Must be used before April 30th 2022 (excludes Database Health Monitor Course)


 

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