Consumer product businesses compared to tech businesses are inferior in two major ways. 1. Lawyers. Trademark, copyright, and patent infringement happens continuously to successful consumer product companies. To enforce your competitive advantages you must pay a lawyer.
I can't tell if we agree or disagree. I'm saying that inventory businesses are way harder than software businesses. I'd argue that even consumables are harder than software businesses, but that consumable inventory businesses beat non-consumable inventory businesses.
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I think we agree on most of it, but I'm saying a well run consumable business *could* be a better business model than certain tech companies.
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Yeah you're right but that's kinda obvious. Yankee Candle is a better business than a consulting tech business without a brand. But on average...if you're trying to start something, avoid inventory, China, and lawyers.
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