Modest businesses, no losses vs large businesses of peers but with huge losses

Looking forward to the future of business

This post recently read businesses of peers (who were batchmates in college) It was noted:

1.  One heads a family business, a large, old university but which experienced millions in losses despite being in centrral location

2.  Another one heads an international food company.   His business, experienced millions of losses in $ abroad (translated to milliions in local currency.

I have to try harder not to have losses, but thrive.  Guess am just lucky, despite lacking business experience and education

Why are 99cents stores closing? Walgreen, Walmart, and 711?

Looking forward to the future of business

Whats causing this?

1.  Post pandemic blues;

2.  Decreased purchasing power of consumers due to inflation?

3.  High shoplifting losses vs very thin margins;

4.  What Amazon has wrought?

5.  Higher minimum wages legislation

We used to own a retail establishment.  We could not stand competition with a Sy owned retail store.

 There are many players now:   operating in high rent environment, tight competition, and reduced purchasing power too of consumers.

Are there other things that owners, business managers can do to avert closure....

Are the politicians who increased the cost responsible?  What is better -  higher wages or no wages?

Is this limited to California only or Dems run state

Who are the players now?

1.  Family mart,

2.  Uncle John

3.  Dali

4.  Save more

5.  .Alfa Mart

6.  7 -11

  

Changing fortunes with the decline in covid 19 cases

Looking forward to the future of business

While we welcome the reduction (only 3 digits yesterday) in number of covid 19 cases, this is ominous for companies engaged in health care and services    hospitals, medical suppliers of equipment PPE vaccines, test kits, medicines and the like

Face to face business will prosper this can mean reduction in volume of couriers and other facilitators of on online business. Some may even go out of business just like the pandemic closing many face to face business..  The pandemic has been particularly hard on airlines, tourism, bus and transportation, schools which are mostly face  to face.    Many schools just to retain their faculty have to obtain huge loans to continue paying for their salaries,

All ready fast food and airlines have recovered and away from bankruptcy .  But a cruise ship sailed its last.

Prayers to those who can make it, and kudos who will survive.

Outgrowing being in operations, being "retarded" and being the Chairman

Ateneo Professor on Entrepreneurship

July 12, 2019

I am getting confused, not that I am old by the demands on the job.  People still call me for go no go on purchase, hiring, discounts, HR concerns, marketing, or have to fill in the gaps in their plans... I still insist on having conferences or looking after oversights... Or things left undone. 

I thought I must focus on the vision of the company and their achievement.... And let others handle the operational aspect.  What if they dont do the job well.. And losses after losses come as a result....

Should they still be part of my work?  Should I let go off them in case they dont get  the job done well.

I still think, I have to keep the business together and level this up