Many years ago, a wise old business professor liked to tell us young students how companies worked. He would tell us companies should always know who their customers were, and that companies could never survive without making a profit. Never.Now that I am a bit older and have worked for and owned a few different companies, I have noticed select ventures attempting to build their businesses without following these two rules.A case in point is the recent invasion of bike-sharing and rental companies in Dallas. These companies have no customer base and will never make a profit. Thus, as a business, bike rentals will never survive. Never. Continue reading...
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