What Are the Differences between Business Suicide, Business Homicide, and Business Genocide?
by Dr. Anthony M. Criniti IV (aka “Dr. Finance™”)
Understanding three unique business terms are required to interpret recent economic and financial events.
Staring at the dirty window of one of my favorite restaurants, my mood matched the rainy weather outside. The note on the inside of the glass said “Closed for Covid-19. We will reopen soon.” The note itself was not as disturbing as the date on it: March 16, 2020 — about seven months ago. Since the current regulations in my city have allowed a maximum 50% indoor seating capacity now (up from 25% a few weeks ago), customers would have expected that a business with such a long history in the community would be ready to start up the revenue machine again. Many people thought this restaurant would be the perfect example of a restaurant that can survive and thrive in all climates. Sadly, it doesn’t look like it was going to open anytime soon…most likely never. This reminds me of the financial lesson found in Principle 68 from The Most Important Lessons in Economics and Finance book: “There is no such thing as a permanent Caesar” (Criniti (aka “Dr. Finance™”), 2014, p. 100). …
Three Major Reasons Why Entrepreneurs Commit Business Suicide During a Depression
by Dr. Anthony M. Criniti IV (AKA “Dr. Finance”)
The lives of entrepreneurs are very difficult, especially during tough times. They will need plenty of good reasons to keep their business alive in order to ensure long-term success.
This article is dedicated to my brothers Mike and T…your love for your family will always be remembered
For so many people during The Great Pandemic Depression, recent times have been tough. Personally, the past few weeks have wreaked havoc in my own inner circles. I have buried several family members including two brothers, one of which committed suicide. These events have resurfaced many old questions. …