Good businesses have margin. Profit margin, yes. But also margin for your time, your emotional and physical health, your relationships, your sanity, and your integrity. Low-margin work eventually leads to ruin. The margins rarely get better; the sunk costs get worse.
-
-
One thing you’ll notice with low-margin businesses: you’re always “adding more” hoping it will increase your margins. At the skateboard shop we added a mini-ramp, did events, published a magazine, ran contests, and started doing bike repairs. “Throwing good effort after bad.”
Pokaż ten wątek -
Just found this, and it relates so much to this thread: “Adding more and more layers to a system intended to avert disaster often makes catastrophe all the more likely.” https://99percentinvisible.org/episode/cautionary-tales/ …pic.twitter.com/sg4uPFg7MN
Pokaż ten wątek
Koniec rozmowy
Nowa rozmowa -
-
-
What kind of margins are you taking about here 20-30%?
Dziękujemy. Twitter skorzysta z tych informacji, aby Twoja oś czasu bardziej Ci odpowiadała. CofnijCofnij
-
-
-
Have you given any consideration to how your age may have played a factor more than the stresses of inventory management? I worked in the cycling industry long enough to know that early ‘20s + a lifestyle sport that encourages not working is usually a recipe for trouble.
-
I think retail, and independent "small" retail, in particular, are just overly complex businesses for their scale. Many variables with little margin for error. Jeff Harbaugh's been covering this complexity for a long time: http://www.jeffharbaugh.com/inventory-management-and-customer-conversionretention-in-the-snow-sliding-business/ …pic.twitter.com/tl61DRmcyX
Koniec rozmowy
Nowa rozmowa -
Wydaje się, że ładowanie zajmuje dużo czasu.
Twitter jest przeciążony lub wystąpił chwilowy problem. Spróbuj ponownie lub sprawdź status Twittera, aby uzyskać więcej informacji.
building