no1tovote4
Gold Member
shadrack said:Well, let me say it this way.....What ability does a person have to start a business in a low profit margin environment in direct competition with existing businesses?
And as I said before, why are they attempting to do it in that particular niche? It is filled, they are poor business people indeed if they cannot see that.
rightwinger brings up "brown" people, but it seems to me anyone could take what I've said and apply it to developing nations. Developing nation's mostly have the ability to produce a uniform, generic product which inherently is low in price, providing little profit. If developing nations could produce a unique product, they would receive a premium price for that product. But, of course, they would have to find the capital and develop the knowledge. Coffee bean producers in South America is an example. Would the solution to their problem be "find a niche". They don't have the capital. Besides, anything they can do will put them into direct competition with an existing business.
"They don't have capital" is simply incorrect. They can get business loans from many people willing to make money too. Just as they can in the US. And I said that improving the quality is one way to compete as well. Simply saying they cannot compete is disingenuous. Clearly when one small island can sell a coffee been that has been eaten then expelled by rodentia for 100 dollars a pound they can find their niche if they are observant enough.
Luck and timing has a lot to do with successful business ventures.