Originally Posted by exoticpublishing

While I know it depends on the city you live in, any groupon or similar coupon type company I used gave me shit. Almost all the companies I went to offered a terrible product/service so no, I'd never go back to them. But like Kristin said, she gets her mani/pedi & then the next week she gets another one from a different company. Why pay more?

In the grand scheme of things this probably hurt consumerism big time.

While I'm all for coupons & saving money, consumers now rule the roust & are sometimes assholes to companies DEMANDING low prices or they will go elsewhere. It was bad before, but it's probably way worse now after Groupon.

As an entrepreneur, I've never wanted to get into retail as it's just too much work, but I sympathize with them now b/c as someone wrote in their e-mail blast the other day, most people (especially the younger generation) go into a store to look at whatever they want to buy, they settle on what they like, then go back home, buy it ONLINE, get free shipping, & that retail store just wasted their time servicing the potential customer who never had any intentions of buying from them in the first place.

As for whether they should have taken Google's offer, while I understand it's his baby & I get what he's feeling, if he can't figure out that he needs to sell b/c his stock is dying, then he probably doesn't deserve the money.

He's a nice guy from what I saw on 60 minutes, but really, as I learned from a millionaire once, your ENTIRE purpose when starting a biz should be to eventually sell it. If you don't have that in mind when starting the biz, you really aren't a true entrepreneur.

As much as I resisted that idea when I heard it as I happen to fall in love with my bizes, he's probably right.


Michelle
P.S. But then again, maybe he just can't stand Google like I can't. LOL