Posted by: madhesi September 29, 2006
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JavaBeans:
I was merely responding to your comment on your post that the tradition of owning businesses like gas stations/motels by immigrants/minorities are probably long gone. It is not. Those people still own and operate those businesses. They are doing excellent!
I do not own those business. I wish I did! Never had time to think "out of the box" or apply Micheal Porter Theory on management!
I wish you good luck. You appear to be intelliget person trying hard to do something new! Just remember - reward may be high for innovations, but not completely out of risk. Steven Jobs "NEXT" (eveybody thought it was next Apple!) disappeared, Spyglass/Netscape (first internet browsers) is virtally gone, WebVan (first internet based grocery store) vanished, even AT&T (the first long distance telephone company) and PanAm (first trans-atlantic airlines) hit the dust! It seems everyone is applying Micheal Porter Theory trying to cut each other's throat.