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Commentary
2:30 pm
Wed May 22, 2013

Business Obits Are Often Premature

Just because a business category is shrinking does not necessarily mean it will die.
Credit Charlene Honeycutt / WKNO-FM

Just because somebody tells you that a certain business category is a dying business doesn’t mean it’s gonna die today or tomorrow. People were still making money on Blockbuster stores a decade after the announcement of their demise.

Business categories do, indeed, die. Almost always because of advances in science. Nobody’s making steamships any more.

But some categories that start shrinking aren’t necessarily dying. They’re just getting smaller.

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