Quote:
Originally Posted by rgalston
That placed closed down because they served luke-warm coffee and bad sandwiches with bad service, for worse prices. Any business that operates that way, waiting for the Hydro Fairy to visit them, quite frankly deserves to go out of business.
Competition is bad for business? How does that explain how the busiest Fyxx in the city--the one on Broadway--is catercorner to a Starbucks, while the one that just closed had a whole neighborhood to itself?
But, hey, if you think the success of entrepreneurs downtown depends on Glen Murray's deal to get Manitoba Hydro to move downtown, by all means...
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The cost of keeping it going while the building construction went WAY beyond its original completion date. There is a lesson to all the kids out there, don't base you business model on government plans, because thats the surest path to disappointment.
Competition is not bad for business on a macro level, as it incourages innovation and supperior customer oriented service, but as with any business a monopoly is the best business model on a micro level. ie: government inforced monopolies.. are protected from private competitors and thus can offer crap service with little innovation.
Adding 2000 government workers to the area doesn't hurt coffee shops... thats for sure, even though it required a hundreds of millions plus the massive amount of over budget costs of taxpayers money to make it happen.
By no means the most effiecent way to attract a small handful of business to an area, but hey it sure is a pretty building.