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RE: Finding Your Lane And Not Sticking To It
There are 'get into a rut' kind of people, i wonder how life is for them, when they are operating a franchise, doing everything by the book, and have missed the exit signs. People no longer like donuts... or pick your fast food of unchoice.
Then the business dies slowly, then all at once.
Its similar to getting out of The US$, the stock market and housing. The exit signs are all there. But house flippers gonna flip. Traders are gonna trade. And they have no plans for that black swan event. They think that stop losses will stop losses.
I know its not really easy to see the end coming when you are IN it. But, really. What do you do with these people you know are going to crash and burn?
We have a donut shop near us I call $5 donuts. Their business plan is simple - they make these really exotic handmade donuts once in the morning - then they close their business when theyve sold them all. Businesses in the area go there to buy donuts for meetings - people buy them for other people as a "treat" - some line up in the morning. I've seen them close as early as 10am. They dont want to stay open longer - thats their model. The anti-corporate model made this business a success. When they sell a lot of a particular donut - they stop making it and only make it once and a while. This is the exact opposite of what a good MBA program would tell you to do - but in 2018 it works.