Are you built for profit?

bwagy

Ben Young, serial entrepreneur, speaker, author and founder of bwagy shares daily ideas on his blog in small digestible bites, aimed to make you rethink business, marketing and the world around you. check out http://blog.bwagy.com

We all know that retail space that can't hold a business, it's a clothing shop, it's a book shop then it's a bakery.

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There are many reasons for it but the key one I ask myself, are they built for profit?

I pondered this as I saw a car yard selling cars for $1990 and $2660 - a wide range of low priced cars.  How can they possibly make a sustainable profit on that? Sure if they get the cars and put a 100% markup on each of them margins seem good.  Yet they still need volume to sustain a business, 2 cars a week would maybe cover the living costs of the owner.  What if they can't reach that?

Sure enough, I drive past a few weeks later, no stock shifted, I don't think they will be around for long.  Have you actually looked at your model, are you built for profit? Or are you just subsidising your time...

 
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