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Innovating your own wheels to sell carts requires capital investment, time, effort, and risk. The saying is a rehash of common advice to focus on core competenc
by dahdum 3y ago
Innovating your own wheels to sell carts requires capital investment, time, effort, and risk. The saying is a rehash of common advice to focus on core competencies and not overextend.
If I sold, or even manufactured carts, I would not be eager to enter the enormous, competitive, highly commoditized, and mature wheel market. It sounds like a real battle to get production costs even on par with wholesale, lacking all the economies of scale, experience, and supply chain agreements the major manufacturers have.
- doublerabbit 3y agoCause and effect. Due to of the rehash and sell-out as by not re-inventing the wheel; in return has caused the effect as you've mentioned above. Where many had the opportunity to take the risk, didn't. So now we live in the world where it's either A or B. And I'm fed up to the point where my business, self-funded is re-inventing the wheel regardless of the risks. Besides the point, innovation has been stifled because of no reinvention.
- dahdum 3y ago> Besides the point, innovation has been stifled because of no reinvention. Yes, because the advice is meant to improve business survival, not societal innovation. If optimizing for survival isn’t your primary goal, it just doesn’t apply to you. It’s still great advice. The 100x-or-nothing game has different rules.