Of course. I just can't imagine running a business and constantly feeling like "I've got to get bigger!! BIGGER!!!" Isn't it healthier for a market to grow via more suppliers and greater competition, rather than having everything sucked into the dark mass of a single behemoth? When you're a public company, every successful quarter set…
Of course. I just can't imagine running a business and constantly feeling like "I've got to get bigger!! BIGGER!!!" Isn't it healthier for a market to grow via more suppliers and greater competition, rather than having everything sucked into the dark mass of a single behemoth? When you're a public company, every successful quarter sets a new standard for what you have to accomplish the next time. Just listening to quarterly earnings presentations depresses me.
My family's business was chugging along nicely. Then a magazine came by and wrote a very nice article about us. Overnight we had five times the number of clients, and had to hire more people. We learned that growth can lead to loss of quality, and mediocrity becomes acceptable. After a while, we cut back on clients through attrition, laid off the extra staff and returned to chugging along nicely. The concept of enough is unpopular.
Of course. I just can't imagine running a business and constantly feeling like "I've got to get bigger!! BIGGER!!!" Isn't it healthier for a market to grow via more suppliers and greater competition, rather than having everything sucked into the dark mass of a single behemoth? When you're a public company, every successful quarter sets a new standard for what you have to accomplish the next time. Just listening to quarterly earnings presentations depresses me.
My family's business was chugging along nicely. Then a magazine came by and wrote a very nice article about us. Overnight we had five times the number of clients, and had to hire more people. We learned that growth can lead to loss of quality, and mediocrity becomes acceptable. After a while, we cut back on clients through attrition, laid off the extra staff and returned to chugging along nicely. The concept of enough is unpopular.
That's refreshing to hear. 😄