Quote:
Originally Posted by sirbruce
Sure you can. Do you cry for the poor workers in cottage industry that was replaced by industrialization?
True, behaving like Amazon might not have been an option for them. But any of them had the option of creating an Amazon, or growing their business to become big enough to compete with Amazon, or Wal-Mart, or whatever. The fact they developed a small business niche and inhabited it comfortably for 100 years before someone else came along and did the same thing better. That's not tragic; that's just business.
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Take me, for example. I would love to open up a small pipe and cigar store. I would cater ONLY to those types of tobacco, and none other.
Would I make more money if I decided to include cigarettes? Yes.
But I would choose not to, only because that is not they design plan of the business, and it's not the direction I wish to take it.
I am more than willing to be a small-time business owner. I would have all the free time I'd want. I'd still be making some profit to stay in business. I would garner a small, yet slowly growing list of clientele and a preferred customer base.
Dow Jones isn't the end-all/be-all of a successful business. Take me back in time to the cotton industry, and I would be a very happy bloke.