Quote:
Originally Posted by Fuzz
The giant corporations make that harder and harder. What are you going to do, open a hardware store(for example)? You can't compete on inventory, because you won't get the deals HD or Rona get.
OK, so you create something unique, and your business is to sell it. Except now it's been copied and sold for 1/10th of what you can manage, 6 months after you got setup.
I don't think in this modern world small businesses have much of a chance. Sure, there are some industries that might find success, but it's not like it was in the past.
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And then to top it off the stock market also encourages the greed of those giant corporations.
It's not enough to just make Billions of dollars annually, in order to grow "shareholder value" you need to grow the amount of money you make annually, so you have to increase prices and rates to facilitate that growth because once you're that large it's almost impossible to grow organically.
Really that's the biggest issue...Banks, Telecoms, Grocery conglomerates, etc...aren't raising prices because of increasing costs...they are increasting prices to meet the EBITDA growth targets needed to meet their investor targets and valuations.