Originally Posted by
SamSpade1941
I think you meant profitable companies.
There are two types businesses:
profitable ( the ones that last for any length of time )
unprofitable ( the ones with a bad business model that do not make money, they are the one's that go away when they can't generate enough revenue to sustain operations )
It really has nothing to do with greed and has everything to do with delivering value to their customers while making money for the business and it's investors. As someone rightly pointed out earlier there is too many shops right now in Portland and a not enough business to sustain them all. The market will correct the problem and the shops that are profitable will remain.
Maybe
The bike shop business is fickle at best, many hamstring themselves by trying to cover an already too small niche within a niche. Some do it well, some get lucky and some find their groove for awhile only to fail anyway and yes many are doomed from the start. We are lucky to have many that help us along despite their misguided intentions and lack of business acumen.
Agree to disagree, skyrocketing rent and overdevelopment equates to mostly to greed at the end of the day.