Re: two questions for business owners
At my old neighborhood I regularly went to the only dry cleaners in a 2-mile radius. All of a sudden, a new dry cleaners was going to be opening less than a quarter mile away.
I asked the owner one day if he was worried about the new cleaners.
He laughed, "No. I own that shop also."
It seems to me that he was eating into his own revenue, while basically doubling expenses. What am I missing?
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