Skip to main content

Bad business in crowded markets

Some business models that work very well in the US would be an absolute disaster in countries like India with almost every city, town or village approaching megalopolis proportions... 1. Dry cleaning (used to also be called Martinising and let us not get into that here) - I mean why would anyone in India dry clean? Once you travel on a local train in Mumbai you are lucky to come out with all your limbs intact - you are not worrying about your clothing being dry or clean anymore 2. Car wash facilities - again another vain attempt to showcase your assets here in the US where everyone is in a car so there is plenty of time to admire the other person's vehicle at the next traffic light. But in Mumbai where you run the risk of non human intervention with your vehicle that can cause all kinds of goop to attach to your asset you are not going to spend more money to keep cleaning it. 3. Jimmy Choo shoes - This contraption is a deceptively ingeneous way to allow dumb Americans to part with their cash. As to the question of allowing dumb Indians to part with it - have you seen the sidewalks of Mumbai lately? Or more importantly have you seen 'a sidewalk' anywhere in India? Perhaps that may not prevent the truly dumb to subscribe to a few pairs anyway? 4. Credit cards - America runs on credit. India runs on cash (or threats). Conversely the one business model that is 100% successful in India and cannot be replicated in the US is that of the local mandir or temple. I just cannot imagine a Hanuman in the middle of Times Square taking unauthorized space from the TKTS booth. Not that it cannot be done but there are just not enough subscribers.
Labels:

Comments

Post a Comment

Popular posts from this blog

Of chocolates

I like chocolates. Godiva Dark with Almonds - not sure of the naked woman on the horse to be the icon of some choice cocoa based products but tastes good. Started in Belgium but now owned by some Turks. Cadburys - Fruit and Nut Milk Bars - awesome combination of dried fruit pieces along with a medley of nuts makes your toungue dance - started by a Brit now owen by Kraft USA. Lindt Hazelnut spheres - made by a Swiss confectioner are divine balls that melt in your mouth with a lingering nutty taste Ghirardelli Milk Crisp Squares - crunchy and light these milk squares are easy on the palate but pack some serious calories - all good I say! Originally founded by an Italian who moved around till he landed in SF Bay today also owned by the Swiss Lindt empire.
Post a Comment
Read more

Columbia SC

 The Palmetto state.  One of the confederate kinds. History dating couple centuries back.  We visited the capital yet again this time to take in the SC State Museum. Occupying the former digs (literally remodeled) of an erstwhile cotton mill this structure is an amazing piece of reimagination.  Four floors of excitement for kids and young at heart alike. Located on the shores of the Congaree River formed when the Broad meets up with the Saluda River, this edifice is approx. 60 years old.  The front of the building has a more modern planetarium that was added about a decade ago.  The museum itself has different areas of interest segregated on each of its four floors. The first floor has gift shop and a diorama of some of the local geography including the swamps and the state beaches with audio guides to help understand what fauna thrives locally. The second floor is all about natural history and showcases animal kingdom that may have survived on this latitud...
Post a Comment
Read more

Cost of entrepreneurship

Last night I attended a guest lecture on the subject of disruptive technology and entrepreneurship.  Lecture was free but it was used as a pitch by the University that hosted it to attract new customers. The speaker was somewhat respectable fellow who happened to hail from India and spoke eloquently.   One of the key message was around how the professors in this university were ranked among the very best money can buy. Cost of the MBA program mere $110,000 and oh we also buy some dinner if you have late class.  So now the math is simple-  is learning to be entrepreneurial worth the cost of entry? That is assuming you end up being one.   What of those that do not?  or the ones that are not successful at being the entrepreneur?  Is that being a pessimist before even being handed the glass. What I found strange is that people will bet big money on the glimmer of hope that they might just make a entrepreneurial debut and hit it big.  The unive...
2 comments
Read more