How To Kill A Good Business

Here's some food for thought. Of course they're broad stroke statements, but useful to consider. 

Product Weakness + Lack Of Innovation = Dead Business Models

• Netflix did not kill Blockbuster. Late fees and a lack of innovation did. 
• Uber did not kill the taxi business. Limited taxi access, fare control, and a lack of innovation did. 
• Apple did not kill the music industry. Being forced to buy full-length albums and a lack of innovation did. 
• Airbnb did not kill the hotel industry. Limited availability, limited pricing options, and a lack of innovation did. 
• Amazon did not kill other retailers. Bad customer service and experience alongside a lack of variation and innovation did. 

Technology by itself is not the real disruptor. Being non-customer centric and neglecting to innovate your products and services are the biggest threats to any business. 

How are you staying alive?