Sunday, June 17, 2007
IN BUSINESS, IT'S CRITICAL TO DIVERSIFY
In a city such as New Orleans where people are much less likely to follow the dictums of Wall Street or Madison Ave business savants, its always refreshing to see someone who can carve a niche in the local economy and use the professional models of the big boys - but of course modified in that unique N'Awlins style.
What we're talking about here is diversification. If one business model doesnt suit you, or provide enough $$ to keep it all happening, then you need to think outside of the box and bring into play whatever it is that will keep things afloat. Here then is an entrepreneur who felt that either the bike parts needed a complementary business concept to augment street traffic, or maybe it was the formal wear rentals which obviously required the bike parts to complete the vision of the business plan.
What we're talking about here is diversification. If one business model doesnt suit you, or provide enough $$ to keep it all happening, then you need to think outside of the box and bring into play whatever it is that will keep things afloat. Here then is an entrepreneur who felt that either the bike parts needed a complementary business concept to augment street traffic, or maybe it was the formal wear rentals which obviously required the bike parts to complete the vision of the business plan.
