11–20 of 20 posts
No one reads this story, so you shouldn't even check it out.
And what was the point of your saying that? Were you trying to copy the story's point in a comment? Because if that's the case, only those of us who read the article got your comment.
Earlier quoted context omitted.
And what was the point of your saying that? Were you trying to copy the story's point in a comment? Because if that's the case, only those of us who read the article got your comment.
So, I guess what you are saying is that everyone who downvotes me is agreeing with the comment they downvoted?
I really hate over-simplified platitudes. They only comfort the stupid or short-sighted. Kind of like reading a sound-bite on trickle-down economics and applying it to your life.
Every day, though, I must hear about how the industry we're in and the world in general is cutting back spending, slowing down their purchases and so on. It would be very easy to listen to this news, and scale back our efforts and go off to cower somewhere. If we did this, we'd surely sell much less hotdogs than we do now.
A big part of my job is keeping folks in the sales team motivated, focused and ready to spot hot-dog selling opportunities. This story was deeply parallel to things encountered at our startup every week. It was a bit inspiring to me, and I thought it might also be a bit inspiring to people who are in the same position.
This is a cute story, but recessions are not self-fulfilling prophecies. When people tighten their belts and adjust to economic reality, the economy as a whole adapts to a recession and prepares to get back out of one. I think.
In fact, several companies have made monopolies, virtual empires, precisely in times of crysis. No crysis = too much worthless competition, too much marketing noise.
The good thing about a recession is that it trims down the bad companies, the ones that only survive because of inertia, and spares the good ones, the ones that really deserve to grow. In fact, several companies have made monopolies, virtual empires, precisely in times of crysis. No crysis = too much worthless competition, too much marketing noise.
I don't really understand what worthless competition is either. "Worthless competition" is surely a contradiction in terms. If they were bad/worthless they wouldn't be competing.
The good thing about a recession is that it trims down the bad companies, the ones that only survive because of inertia, and spares the good ones, the ones that really deserve to grow. In fact, several companies have made monopolies, virtual empires, precisely in times of crysis. No crysis = too much worthless competition, too much marketing noise.
It's called a feedback loop. Business tend to grow and get fat in places they can't afford. Recessions come along and then everybody has to take a very careful look at just what jobs and expenses are really needed and what are fluff.
The business cycle is a good and natural thing. I just wish we had more, less severe cycles than fewer, more severe ones.
This is a cute story, but recessions are not self-fulfilling prophecies. When people tighten their belts and adjust to economic reality, the economy as a whole adapts to a recession and prepares to get back out of one. I think.
http://en.wikipedia.org/wiki/Paradox_of_thrift
From a mostly layperson's perspective, however, in a credit crisis, it makes sense to increase loanable funds, therefore saving may be very good for the economy in the long run.
The good thing about a recession is that it trims down the bad companies, the ones that only survive because of inertia, and spares the good ones, the ones that really deserve to grow. In fact, several companies have made monopolies, virtual empires, precisely in times of crysis. No crysis = too much worthless competition, too much marketing noise.
I really dont think there's anything good about a recession at all. When "bad companies" go down people lose their jobs, the economy takes a hit, social security costs rise and everyone hurts. I don't really understand what worthless competition is either. "Worthless competition" is surely a contradiction in terms. If they were bad/worthless they wouldn't be competing.
The good thing about a recession is that it trims down the bad companies, the ones that only survive because of inertia, and spares the good ones, the ones that really deserve to grow. In fact, several companies have made monopolies, virtual empires, precisely in times of crysis. No crysis = too much worthless competition, too much marketing noise.
I really dont think there's anything good about a recession at all. When "bad companies" go down people lose their jobs, the economy takes a hit, social security costs rise and everyone hurts. I don't really understand what worthless competition is either. "Worthless competition" is surely a contradiction in terms. If they were bad/worthless they wouldn't be competing.