Margins create margins, too. You massive scale to afford “that thing you want” in a low margin environment. If you want something small and beautiful, please, please pick something with fat margins (like software) and customer willingness to pay.https://twitter.com/mijustin/status/1214391547925450752 …
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There are great businesses in the world that have low margins, but the aesthetics of them are probably not your aesthetics and they rely on iron discipline and scale.
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(Yet another reason why “Hey if I just take X service and mark it up by 5% this will be a great business” is poor pricing strategy.)
8:02 PM - 6 Jan 2020
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