Lydon Solutions Reaches the 15-Year Mark!
Lydon Solutions has reached a significant milestone of 15 years in business as an IT services and product company supporting the construction industry!
When you take a step back and think about it, you realize it’s a significant milestone for any business considering:
- One-third of all new businesses exit in the first two years.
- Half exit in the first five years.
- Only one-quarter of businesses survive to 15 years.
Many factors are involved in sustaining a business for this long. Still, I believe the most important thing is having a great team that drives innovation, provides second-to-none customer service, and is committed to delivering the best products and services possible.
While there are days when you want to pack it in, there are always moments that keep you coming back and restore your focus. Also, working with my wife is a rare opportunity, and working from home helps balance my professional and personal lives.
Construction Viz is a powerful and flexible construction project management solution optimized for YOU and your workflow. For maximum flexibility, the solution is available in the cloud, on-premise, or as à la carte apps for Microsoft SharePoint and Microsoft 365. Learn More >
Observations for Other Entrepreneurs Based On 15 Years in Business
As the years pass, you tend to take stock of ideas and lessons that have helped you on the journey. Here is a short list of observations that might help other entrepreneurs or those who are looking to get the most out of their careers:
Innovation. To compete, companies and individuals need to embrace technology. Technology is changing faster than ever, and if you don’t leverage it to your advantage, your competition surely will, especially with the emergence of AI in all aspects of the technology and business worlds.
Solve problems. If you are in the consulting space, everything comes down to whether or not you can solve your client’s problems. Some higher-end consulting companies provide great PowerPoint presentations, and they do win work but don’t keep work. If you want to stay around long-term, listen to the client and solve their problems.
Diet and Exercise. There is an enormous amount of stress in our daily lives, much less starting and managing a company. It’s easy to get off track with bad habits, and you are no good to anybody if you can’t operate at 100%. The best thing I have found is to stick to a healthy diet and set a regular exercise routine. Working out in the morning ensures you get it done and provides peace of mind that you have accomplished something every day.
Cycles. When you start a company and have some success, you will naively think it will never end. Unfortunately, your company might end up in a bit of a slump. A life tip my dad always said to me was, “Keep a level head through the ups and downs. Don’t get too high, and don’t get too low.” Business cycles can and will inevitably occur, and you have to ride the waves and always be mindful of why you took this path in the first place. Make sure to plan for the worst and save for the downturns.
Enjoy the ride. While it is often hard to see the forest through the trees, every once in a while, take a step back and admire what the team has accomplished. To think we started the company by building custom SharePoint sites for construction and now have a product, Construction Viz for Microsoft 365, built on React as a progressive web app that stands up against some of the largest PMIS solutions available, is crazy to me. Who knows what tomorrow will bring? We have accomplished a lot, and I’m very proud to work with a fantastic, hard-working team.
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