Sid Post
Platinum Member
- Joined
- May 28, 2010
- Messages
- 656
- Location
- TX and OK
- Tractor
- Massey 5711D, Kubota L4600, Kubota B2601
Business failures are always a part of the landscape. Sometimes the product gets overpriced or maybe not competitive and the business owners just can't make in work. When assets get sold off, often at a lower price, a new owner can enter with that lower price and by that a lower cost of production and a bit of business savvy about what not to do.
Then you have a new viable business selling items an a lower price that the market will bear and the cycle begins anew. Running a business is difficult in good times and running big business anytime is near impossible.
We look at a big dog CEO making many millions of $$ but he's responsible for hundreds of thousands of employees, untold families and livelihoods, a product the market demands a a hundred decisions a day, any of which could sink the company. When they earn big bucks it's almost always because they earned it.
I have seen this play out with custom knifemakers many times over the years. They are popular and their prices go up and up. Eventually their "fan boys" find a new shiny knife that catches their attention and the first knifemaker now can't sell anything due to his high prices which he can't lower without burning everyone that bought a knife previously!
The really great ones don't let their ego's get in the way and improve their craft along with their prices and still have a multi-year backlog with a knife that is the worth the price and has the craftsmanship to be worth what is paid.
To the Lynn Griffith's of the world, you are not forgotten and neither is your questionable work.