Sweatpants
Netflix
Political signs
Netflix
Political signs
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Netflix
Political signs
This is pretty profound post. thank youThere are always people who are able to pay $1000 for Product X, there are always people who cannot afford to pay 10$. There are always people who will or will not pay, depending on how hard they want it and what you do about it.
Economical circumstances are nothing more than weather. Today it's cold and more people stay at home. Does it mean that your business should account for that? Unless you're in a process of optimization and have a responsive business model - no. You have a plenty of other, more important things to account for.
Does Apple account for that? No.
Does Uber account for that? No.
Does other businesses which success doesn't depend on a direction the wind blows today account for that? No. Because it's not what defines a successful business.
Apparently people don't realize that there is no such thing as "down economy". It doesn't matter what 95% of population goes through - your business will be sustained by other 5%.
Your main question should be: "Where is my 5% and what they need?". Otherwise you account for things that ultimately have nothing to do with your business.
There are always people who are able to pay $1000 for Product X, there are always people who cannot afford to pay 10$. There are always people who will or will not pay, depending on how hard they want it and what you do about it.
Economical circumstances are nothing more than weather. Today it's cold and more people stay at home. Does it mean that your business should account for that? Unless you're in a process of optimization and have a responsive business model - no. You have a plenty of other, more important things to account for.
Does Apple account for that? No.
Does Uber account for that? No.
Do other businesses which success doesn't depend on a direction the wind blows today account for that? No. Because it's not what defines a successful business.
Apparently people don't realize that there is no such thing as "down economy". It doesn't matter what 95% of population goes through - your business will be sustained by other 5%.
Your main question should be: "Where is my 5% and what they need?". Otherwise you account for things that ultimately have nothing to do with your business.
This is why I mentioned responsive business models and businesses that depend on today's news. But even these businesses are actually built on more solid ground, it just seems like environment makes them oscillate.Disagree. This is a great statement if your business is global or can serve globally. Your statement is also qualified by the definition of successful.
There are businesses that are regional or seasonal and their traffic is dependent on forces outside of their control.
Real Estate businesses are affected by local market conditions. They may have to adjust their strategies due to local occupancy or sales rates.
Seasonal businesses are subject to the weather conditions and customer attendance
This is why I mentioned responsive business models and businesses that depend on today's news. But even these businesses are actually built on more solid ground, it just seems like environment makes them oscillate.
There are 2 major real estates businesses I follow in my country, both started when real estate has gone downhill. They have succeeded for too many reasons other than market conditions.
trying to get ahead of the curve and hoping the older people here, who've made money when the economy takes a dump or just people who have lived through it , can shed some light on the needs of a declining economy . Trying to set myself up for the next fall, which is coming very soon . Just looking for ideas and what peoples needs tend to be , their compulsions, there wants, the things they must have or the services that are born from a shitty economy. Currently my location is over-saturated with services and there isnt a whole lot of the pie for anyone else. Been having a hard time lately getting my head around the big picture and finding a need to fulfill.
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