Thursday, December 17, 2009
But their flag is still there
So the Cowls family is calling it quits on their signature sawmill operation that represents nine generations of family blood, sweat and tears. The fundamental business model (and anybody who ever took a Business 101 course knows the 80/20 Rule--where 80% of your profit comes from 20% of your product line) of doing what you need to do in order to survive triumphs, as well it should.
Their main business, the building supply store, will continue on (and with the added value expertise of owners and skilled employees will continue to thrive.) And their vast holding of woodlands are not going anywhere anytime soon.
Alas, whatever the industry--it is simply impossible to compete with folks who sell $10 bills for $7.
The Springfield Republican reports