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by NickC25
966 days ago
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Seriously - they built the company on their terms, have a happy customer base, and don't have a host of Vultures screeching "grow grow grow" in their ear all day. Not every company needs to grow to a 10,000x investment ROI for investors. Let people build companies that serve their local niches, and if it grows organically past that, great. If it doesn't, but the business is healthy, great! There's a local restaurant chain in South Florida where I live that serves an upscale demographic. They have no outside investors but they've grown from 1 location to roughly 23 in under a decade. Their locations are always full and according to a friend of mine who knows the owner, their cash flow is absurd and the business itself is incredibly profitable. I'm sure the owner has had offers to take the brand to other locales like LA or NYC, but is quite comfortable where he is. There's nothing wrong with that! And we as a society need to celebrate large business that scale, but also be able to celebrate when someone builds a great healthy business that serves a niche, and is happy serving that niche without needing to constantly grow just to satisfy investors who by and large aren't part of the communities the business serves. It's OK to build a successful local business!!! Not everything needs to hit hyperscale to be considered a success! |
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