Comment by nine_k
3 days ago
My wife ran a restaurant that was relatively successful due to the quality of its food and service. She was able to establish it as an upper-tier experience, by both some word of mouth, but also by catering to right events, taking part in shows, and otherwise influencing the influencers of the town, without any massive ad campaigns. As a result, there were many praises in the restaurant's visitor book, left by people from many countries visiting the city.
It was not a huge commercial success though, even though it wasn't a failure either; it generated just enough money to stay afloat.
If it paid for people's lives and sustained itself, that sounds like a huge success to me. There's a part of me that thinks, maybe we'd all be better off if we set the bar for success of a business at "sustains the lives of the people who work there and itself is sustainable."
> There's a part of me that thinks, maybe we'd all be better off if we set the bar for success of a business at "sustains the lives of the people who work there and itself is sustainable."
This would be beautiful in a world where retirement was better and it didn’t feel like inflation or financial crashes are looming around the next corner most of the time.
For many folks, trying to get savings and putting money into investments is less about wanting a lavish lifestyle later and more about just wanting financial security in case something bad happens.
If only. So much of the constant churn in big corporations is killing units that are profitable but just aren’t profitable enough.