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12-08-2014, 01:11 PM
I think analyzing business you also need to take a personal approach.
consider example running an ice cream stand business when people hear this most will think once common sight in heartlands in the 80's but not so common now, sunset obsolete or dead end career, how much money can anybody make running an ice cream stand can they even survive or not?
just go to outside of takashimaya sc and check out that ice cream seller only 1 of the few left in his industry my guess is he sells around $300 a day worth of ice cream to tourist earning dollar here dollar there quietly making a pile, small business no doubt but making more money in a month than some senior executives working around that area eh?
monopoly or near monopoly in a sunset industry can be pretty good business.
consider example running an ice cream stand business when people hear this most will think once common sight in heartlands in the 80's but not so common now, sunset obsolete or dead end career, how much money can anybody make running an ice cream stand can they even survive or not?
just go to outside of takashimaya sc and check out that ice cream seller only 1 of the few left in his industry my guess is he sells around $300 a day worth of ice cream to tourist earning dollar here dollar there quietly making a pile, small business no doubt but making more money in a month than some senior executives working around that area eh?
monopoly or near monopoly in a sunset industry can be pretty good business.