We start a business with the assumption we know nothing and can see nothing. We are working from one minimum to the next... we need only get enough orders from customers to cover the suppliers minimum production requirement in a workable amount of time, profitably. Then repeat as necessary.
What does this look like after 60 years?
I spoke to this fellow a year or so ago, he still works the show booths, has no idea what is next...
Read his mantra...
“You always have it never made.”
His native language is German, so I'll leave it to linguists to suss out the syntax. But I take that to mean no one ever "has it made" in the colloquial sense safe and secure and "large". We are always hanging on to it all be the skin of our teeth, no matter what business you are in. Too many people think "skin of the teeth" is unacceptable, so they settle for employment, unaware that those for whom they give up their own lives to work for others are in fact working for someone who has not idea what tomorrow will bring.
I say cut out the middle man and you be the one having no idea what tomorrow will bring.
As to the fear there will be many store closings coming up, I hope so. We have far too many zombie businesses in place that need to go, free up real estate so prices can fall and other businesses come in. Even if we go into a depression, and 50% of the economy is wiped out, that means we still have 50% of a multi-trillion dollar economy... what happens in Washington or on Wall Street matters not in the least, if it is not this problem, it is some other.
Feel free to forward this by email to three of your friends.
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http://www.moneynews.com/InvestingAnalysis/retail-stores-holiday-sales/2014/01/23/id/548583
"Stores will disappear and survivors will shrink, as consumers turn to the Internet for their shopping, they explain."
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