Log in
Register
Home
Forums
New posts
Search forums
What's new
New posts
New profile posts
Latest activity
News
Members
Current visitors
New profile posts
Search profile posts
Features
Log in
Register
Search
Search titles only
By:
Search titles only
By:
New posts
Search forums
Menu
Install the app
Install
Reply to thread
Home
Forums
Off Topic
The Basement
Some truth about investment and growth
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
<blockquote data-quote="Brian jojade" data-source="post: 68789" data-attributes="member: 211"><p>Re: Some truth about investment and growth</p><p></p><p>Don't confuse company growth with product offering growth. The two are not necessarily the same thing. If your product offering gets too wide and you can't keep each product busy enough, you will be in much worse shape than a company that specializes in one thing and does it well. If you want a great real life example of that, look at what Apple did in the 90's. They had expanded their product offerings very thin. They had over 100 products available for sale, with computers, servers, printers, scanners, etc. but weren't selling enough of any of them to make a profit. So they cut back to 4 items. Yes, they only had 4 product lines for quite a while. With that focus, they were able to get way better at what they do and obviously, the profit began to happen. Now, since then, they have adapted and expanded quite a bit, but it took that focus to know what their company actually was to make it happen.</p><p></p><p>With sound companies, the same thing can be true. Define your target market. Set up a budget. Make it work with as little gear as practical. Before expanding into a new market, make sure you can make it work on paper before buying any gear. That's how capitalists capitalize. I wish I'd have done that earlier on. It would have saved me a fortune.</p></blockquote><p></p>
[QUOTE="Brian jojade, post: 68789, member: 211"] Re: Some truth about investment and growth Don't confuse company growth with product offering growth. The two are not necessarily the same thing. If your product offering gets too wide and you can't keep each product busy enough, you will be in much worse shape than a company that specializes in one thing and does it well. If you want a great real life example of that, look at what Apple did in the 90's. They had expanded their product offerings very thin. They had over 100 products available for sale, with computers, servers, printers, scanners, etc. but weren't selling enough of any of them to make a profit. So they cut back to 4 items. Yes, they only had 4 product lines for quite a while. With that focus, they were able to get way better at what they do and obviously, the profit began to happen. Now, since then, they have adapted and expanded quite a bit, but it took that focus to know what their company actually was to make it happen. With sound companies, the same thing can be true. Define your target market. Set up a budget. Make it work with as little gear as practical. Before expanding into a new market, make sure you can make it work on paper before buying any gear. That's how capitalists capitalize. I wish I'd have done that earlier on. It would have saved me a fortune. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Off Topic
The Basement
Some truth about investment and growth
Top
Bottom
Sign-up
or
log in
to join the discussion today!