This is kind of terrifying after hearing so many life-ruining stories about the rash decisions Amazon makes when dealing with 3rd party sellers ([1] from last week, for example). Everyone always says "Don't stake your livelihood on platforms you don't control" (e.g. Amazon, Facebook, Twitter, etc.), but what happens when one of those platforms suddenly forces its way into your business? How can a restaurant owner tur…
This reminds me of the predicament that young'ish hardware component supplier companies get into. They win a huge contract with a prominent customer, but then that one customer represents 60%+ of their revenues (ex: winning a Cisco, Nintendo, or Apple contract). I've worked at a few such companies, and they all work extra hard trying to diversify their revenue sources, for both customers and industry. If it's a start…
I've often wondered how well a restaurant would do in areas where those platforms are popular if it just dropped its customer-facing storefront entirely and went entirely online delivery.
The drop in operating costs versus the lack of walk-ins ...