Quote:
Originally Posted by kien
It really boils down to perspective. As this thread suggests, we all have or own ideas of how we would run a fish store. What would seem to make complete sense to one of us can easily sound ridiculous to another. Consider this though, one store in particular that we all love to bitch about has been around for ages without changing their business practices one iota. I'm not trying to defend their practices here. I'm just sayin'. They have managed to stick around and have seen hobbyists come and go. They've out lived much nicer, posher, more updated, more connected to customers, more tech (online) savvy stores that have come and gone. Go figure  |
That's very true. Longevity in face of change is a great measure of viability in business model. Could it be better? Probably. Is what they're doing working? Yes it is. Should they be complacent? Probably not. But I don't think they are complacent either... perhaps just a little too busy for their own good? Or, perhaps they should take some of their earnings and focus on growth vs the owner's Porsche Cayenne (does he have two?)? (Retained earnings vs paying out dividends)