Update on Volkswagen Diesel Fraud Case

We filed an action in Butte County on May 17, 2018 with the intent of having a jury decide punitive damages. We would be the first party to bring the defeat device case to jury trial.  Peer reviewed studies proved thousands of people with lung diseases died from the fraud.  

 

Being an Anti-Fragile Business

Posted by Fred Fletcher on Thursday, May 5, 2016 Under: Economy
We live in a new economy.  After the financial collapse of 2008, everything was questionable. For many businesses the question became how do we survive? The survival rate for larger companies is much lower than small businesses since the financial collapse. This has led investors to question what makes a business sustainable. Is it size? cash flow? excited investors? cuddling with politicians? Reality says none of the above. 

One economist was able to predict the financial collapse Nassim Nicholas Taleb, the author of the Black Swan. Taleb posits large corporations are bubbles which will inevitably burst, while smaller businesses are able to adapt to changing circumstances. Under the theory of anti-fragility, small business are the driving force behind an economy, while massive corporations tend to be parasitic on an economy like a cancer. Large corporations pay little or no taxes but require an excessive amount of government assistance in the form of police protection and court services.  

This is not to say people who work for large corporations are villains. These are people just trying to make ends meet. The critique is against the massive corporation not the people who are forced to work for it.

So what makes a business anti-fragile? Here's three factors:

1) Adaptability. Small businesses by design are more adaptable than large corporations. Blockbuster was too large to adapt and now it's extinct, like the Brontosaurus. Even Apple is one poor I-phone release away from going bankrupt. (Disclosure I am not an apple investor in 2016.) 

2) Doing the right thing. Many large corporations continue to exist based upon a gimmick. They tell the consumer we're so big, so awesome turn your brain off and open up your wallet. But consumers appear to be getting smarter at a rate faster than large corporations. Many executives or partners of large corporations and firms are losing their edge. Gimmicks always have an expiration date. Either the consumer will catch on or the people perpetrating the gimmick will get lazy. Businesses which continue to adapt and do the right thing do not have an expiration date. These businesses are anti-fragile. 

3) Being Skeptical. Successful small businesses are consistently under pressure from larger businesses to sell out. Everything has a price tag but small a business should be cautious about giving up control to be aligned with a larger business. Selling a successful small business may bring a quick profit but overtime growing a small business may result in a much larger profit.  

4) Understanding the risk. All options are risks. A willingness to take risks every single day is a competent of a successful business. 

These are just three basic guidelines for a small business in the new economy and dealing with the ever evolving consumer.

This post is a work in progress and will be continued. 


In : Economy 


Tags: economy  small business 

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