Author Archives: Bruce Bloom

Creative destruction: the cost of progress

“Creative destruction” means that new technologies render existing products obsolete. If you don’t engage in creative destruction, your competitors will, ultimately shrinking or destroying the markets for your existing products. Creative destruction comes at a cost. Sometimes your workers can’t … Continue reading

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Why Kodak died

I grew up in Rochester, New York, home of Kodak. Kodak was a huge force in Rochester. It was a city all by itself, with over a hundred buildings. It was said that one out of each family in Rochester … Continue reading

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Business start-up: 10 important things NOT to do

1) Don’t make little plans. If you plan to establish a small business, that’s what you will end up with—and nothing more. Make a plan that recognizes all the possibilities of your new business, and serves as a road map … Continue reading

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