Or you’ll create something that is genuinely better with good longevity and then discover you’ll have next to no sales growth since once somebody buys it, they never need to replace it.
You know if I created a buisness myself and had no shareholders demanding quarterly profit increases, that would be okay.
If it made 1 million in profit after 10 years and then needed to be shuttered that’s fine by me.
I imagine this would make an individual quite wealthy for their lifetime. We just think it’s unviable because we’ve been tricked into believing that a buisness must grow forever to be successful
Hmmm, a state run industry in communist east Berlin that failed in 1990. It’s almost as if their business hit a wall when they couldn’t expand their market through exports. Surely there couldn’t have been any world changing events happening in that town in the latter days of 1989 that might have played a larger role in the demise of a state run business.
If the article in the Wiki is true, their problems with expansion were because no one wanted to resell their product. It’s not even a problem with actual customers, and there probably was enough people who would buy to make growth viable for much longer
Or you could drop your red-scared shades and read the article again: those glasses were made to last, hence were of no interest for those who expected them to break easily in order to sell more.
CorningWare had a similar problem with their plates. We’re still using our parents old bowls and plates from the 80s. The stuff we got as wedding presents was mostly chipped or broken before our 10th anniversary.
Or you’ll create something that is genuinely better with good longevity and then discover you’ll have next to no sales growth since once somebody buys it, they never need to replace it.
You know if I created a buisness myself and had no shareholders demanding quarterly profit increases, that would be okay.
If it made 1 million in profit after 10 years and then needed to be shuttered that’s fine by me.
I imagine this would make an individual quite wealthy for their lifetime. We just think it’s unviable because we’ve been tricked into believing that a buisness must grow forever to be successful
I definitely agree, it just makes it a more precarious position to be in.
Hmmm, a state run industry in communist east Berlin that failed in 1990. It’s almost as if their business hit a wall when they couldn’t expand their market through exports. Surely there couldn’t have been any world changing events happening in that town in the latter days of 1989 that might have played a larger role in the demise of a state run business.
If the article in the Wiki is true, their problems with expansion were because no one wanted to resell their product. It’s not even a problem with actual customers, and there probably was enough people who would buy to make growth viable for much longer
Or you could drop your red-scared shades and read the article again: those glasses were made to last, hence were of no interest for those who expected them to break easily in order to sell more.
CorningWare had a similar problem with their plates. We’re still using our parents old bowls and plates from the 80s. The stuff we got as wedding presents was mostly chipped or broken before our 10th anniversary.
Duralex and Pyrex are also making unbreakable glass (respectively drinking cups and coming utensils) and they are still in business
Duralex has serious issues right now. They are asking for money to survive.