Indian-owned businesses

[34TheTruth34]

Wow.

I would like to have responded to each post individually, but it would just take too much time and effort. So, I 'll try to cover as much as I can in this one post.

First of all, a shoutout to everyone who came up with creative ways to call me ignorant and/or a racist. As always, your posts were very very funny. Especially those who incorporated both into a quick one-liner. ZOMGROFLMFAOLOLOLOL to you guys.

Anyway, let's say for now we ignore the terrorism/money laundering/illegal activites part of the argument and just look at the business model.

Of course I understand the benefits created by reducing (or, in a lot of cases, eliminating) payroll costs. That's certainly obvious. And, I can understand increasing cash flow and turnover by not carrying a lot of inventory on hand. It's just that even with these advantages, it still doesn't seem to be enough to support the businesses, and they eventually go under. Usually within a few months. Let me lay out the pattern that I am talking about:

***just to be totally clear, I am saying that I have noticed, in the past couple of years, the following pattern of quite a few small CT businesses (almost always non-7-11 convenience stores and small 'mom & pop' package stores)***

1. The small business was operating for several years profitably.
[or, at least, presumably so. Obviously, I don't have access to these companies financial records. But, I suppose that we can assume that if a store is open for several years, it's probably turning a profit]

2. The business is then bought out by a family of Indian descent.

3. Store personnel is replaced by only memebers of the family and inventory is greatly reduced.

4. Customer rapport is damaged, business decreases, and the business is forced to close.

So, once again, to restate my original query in a different way:

If this particular business model doesn't appear to work successfully, then why are they buying these businesses to begin with?

Also, to those who mentioned restaurants in places like china town/little italy, etc: Obviously, that's not what I'm talking about. I'm talking only about businesses with the criterion listed above.

[Golden_Rhino]

[ QUOTE ]
Wow.

I would like to have responded to each post individually, but it would just take too much time and effort. So, I 'll try to cover as much as I can in this one post.

First of all, a shoutout to everyone who came up with creative ways to call me ignorant and/or a racist. As always, your posts were very very funny. Especially those who incorporated both into a quick one-liner. ZOMGROFLMFAOLOLOLOL to you guys.

Anyway, let's say for now we ignore the terrorism/money laundering/illegal activites part of the argument and just look at the business model.

Of course I understand the benefits created by reducing (or, in a lot of cases, eliminating) payroll costs. That's certainly obvious. And, I can understand increasing cash flow and turnover by not carrying a lot of inventory on hand. It's just that even with these advantages, it still doesn't seem to be enough to support the businesses, and they eventually go under. Usually within a few months. Let me lay out the pattern that I am talking about:

***just to be totally clear, I am saying that I have noticed, in the past couple of years, the following pattern of quite a few small CT businesses (almost always non-7-11 convenience stores and small 'mom & pop' package stores)***

1. The small business was operating for several years profitably.
[or, at least, presumably so. Obviously, I don't have access to these companies financial records. But, I suppose that we can assume that if a store is open for several years, it's probably turning a profit]

2. The business is then bought out by a family of Indian descent.

3. Store personnel is replaced by only memebers of the family and inventory is greatly reduced.

4. Customer rapport is damaged, business decreases, and the business is forced to close.

So, once again, to restate my original query in a different way:

If this particular business model doesn't appear to work successfully, then why are they buying these businesses to begin with?

Also, to those who mentioned restaurants in places like china town/little italy, etc: Obviously, that's not what I'm talking about. I'm talking only about businesses with the criterion listed above.

[/ QUOTE ]

I think the key is where you mentioned the damaged customer rapport. Their hand is forced by less revenue coming in, so they have to hire family and reduce stock. I'm not sure if the reduced stock is due to the damaged rapport, or if the damaged rapport is due to less stock.