What comes to mind when the term “boring yet profitable business” is used? Often times these are businesses that have developed & refined offerings that are integral and indispensable to their customers. They can often be derided for not being flashy or trendy, but that treatment fair?
What goes into reaching that kind of status? Are businesses actively thinking about reaching that point? What can prevent a business from reaching that?
On this week’s episode of the 33 Tangents podcast, Jim and Jason discuss why the term “boring yet profitable business” is often not a compliment and why it’s used. They also talk about the characteristics common across these types of businesses and drives a business to reach this state.
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