A buddy of my gave me this link I thought was pretty cool: The Remains of Detroit - Photo Essays - TIME
But it brings up something that has been on my mind for quite a while. Obviously here in America the GDP is no longer the GDP, it is now the GDS (funny as I type this GDP doesn't get underlined as an incorrect spelling but GDS does...) - because services have overtaken products within this past decade, and the trend seems to be continuing.
I am curious about two things...
Since America no longer manufactures, or produces products (and I use those words loosely) - does this mean that there are major opportunities in the manufacturing world? Or is it that we have fallen so far behind, and it is so much cheaper to manufacture offshore that we don't stand a chance in this market? Not necessarily as a country but as an individual. Obviously the smart entrepreneur follows the money. A market that tries to serve a demographic that doesn't have a need just doesn't plain make sense. Question number one is, should an (not saying me - cuz I love me some service businesses) entrepreneur be focused on creating products because everyone is running in the opposite direction? The old theory that if everyone is running one direction you might want to run the opposite way.
Number two thought is if we are focused so soley on Services, what in the heck do we produce? I am thinking about myself between the business and a half that I have, I produce black belts and good feelings? While that's all well and good - it's alll internal, there is nothing really to show for it but increased productivity for them. Increased quality of living. Increased happiness. Is there a way for service based businesses to produce as well?
Maybe I'm rambling but just thought going through my head...
But it brings up something that has been on my mind for quite a while. Obviously here in America the GDP is no longer the GDP, it is now the GDS (funny as I type this GDP doesn't get underlined as an incorrect spelling but GDS does...) - because services have overtaken products within this past decade, and the trend seems to be continuing.
I am curious about two things...
Since America no longer manufactures, or produces products (and I use those words loosely) - does this mean that there are major opportunities in the manufacturing world? Or is it that we have fallen so far behind, and it is so much cheaper to manufacture offshore that we don't stand a chance in this market? Not necessarily as a country but as an individual. Obviously the smart entrepreneur follows the money. A market that tries to serve a demographic that doesn't have a need just doesn't plain make sense. Question number one is, should an (not saying me - cuz I love me some service businesses) entrepreneur be focused on creating products because everyone is running in the opposite direction? The old theory that if everyone is running one direction you might want to run the opposite way.
Number two thought is if we are focused so soley on Services, what in the heck do we produce? I am thinking about myself between the business and a half that I have, I produce black belts and good feelings? While that's all well and good - it's alll internal, there is nothing really to show for it but increased productivity for them. Increased quality of living. Increased happiness. Is there a way for service based businesses to produce as well?
Maybe I'm rambling but just thought going through my head...
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