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Much of small business is about geographic monopoly where simply putting yourself in front of customers that didn't know about you before is wealth creating.
by rogerkirkness 7y ago
Much of small business is about geographic monopoly where simply putting yourself in front of customers that didn't know about you before is wealth creating.
- DenisM 7y agoThat's a good point, though I have to wonder how often is there an actual micro-monopoly? I imagine that two dry-cleaning places a mile away from each other would end up in competition eventually, and Google will drain all the profits from both. Something is fundamentally unbalanced about this.
- rogerkirkness 7y agoCoffee shops can be make or break depending on the corner of the intersection they are on so it can be a little bit ridiculous in terms of how small the geography is. I agree re: Google capturing the spread. Always want to control the means of distribution for your own business, ultimately.