The greatest business failures are business giants that fail to adapt to a changing environment. If Blockbuster only saw the future was digital, perhaps it could have saved itself, even with its stubborn decision not to buy Netflix.<\/p>\n
You either adapt to a changing environment or you die.<\/p>\n
After a 2 \u00bd year reconstruction, the local Library reopened after a $35 million renovation. The renovation was made possible after a bond referendum during COVID. I haven\u2019t read an actual paper book since Kindle, and I\u2019m sure many have. However, the library repurposed itself long ago as a community center that the community didn\u2019t have since we are an unincorporated village. It\u2019s for programming and a lot of other things, and they have books too.<\/p>\n
Unfortunately, the library is majestic and the school district is in shambles, but that\u2019s another tax district.<\/p>\n
Whatever struggle you\u2019re in, you can\u2019t stand pat in a business that is always changing. You have to change when the times change or you become obsolete as a library that just has books.<\/p>\n
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