Beware of the rapid advances in technology.
As the technology is changing the way we have to work.
I sit very close friend who is from the havoc wrought by the impact of new technology. This friend of a market and went straight out the window to start a business, which was very successful. For a certain period.
About 20 years ago, he borrowed huge amounts of money to get the latest technology for the reproduction of sound on cartridges. Weplay all the tapes to our favorite music, listening, books, following training, etc. As the business grew they realized there were higher margins by concentrating on the spoken word be such that the cut price music forward.
The capital cost of establishing the company was enormous. He prepared a business plan that has involved participants from the industry and secured the capital to control the high cost of high-tech start-devicesBusiness.
There have been moments, but she overcame it and sticky because they have bought the most technically advanced equipment, they were able to offer excellent spoken word reproduction quality. This led the company to the UK's leading spoken word copying of master tapes.
Using the then cutting-edge technology and recording services, they worked with many notable people, including Margaret Thatcher read her memoirs. The business flourished and allThe loans were disbursed. Peak Performance was about six years ago, shortly after the introduction of new technologies - Compact discs.
From about 6 years a steady decline in volumes as the CD's was started more determined. Because of the high cost of capital for investment in the CD plant, they decided to drive the cassette business would go so far as possible. The new CD playback technology really picked up volume in 2005, and volumes for cassettes have now dropped byunprofitable levels. But we also hear that the CD volumes have been declining, such as music downloads from the Internet are becoming increasingly popular.
The purpose of this connection is mentioned, are successful in this rapidly changing world, businesses come and go, and we have to change for better or worse. It is important that we keep our knowledge and skills up to date while staying abreast of the changes in technology. Where do you stand?