This week
another high profile entrepreneur left the market. This trader has been
very active in trader matters over many years and is known for his no-nonsense
approach to fixing market problems. He regularly attended market meetings,
always making a contribution, and his advice has been instrumental in a number
of innovations including some under the renewal banner.
These are
people we cannot afford to lose but unfortunately there are two things that are
working against us. Firstly, the retail revolution itself and the impact on
business incomes (although good entrepreneurs will often see this as simply
another challenge to overcome). Secondly, the pace of change and the perception
that too many voices are stagnating real action at QVM.
In the
outside retail world, change is happening at a blistering pace. The Amazon’s,
Macy’s, Ikeas of this world are wheeling out new ideas every week. Many of their
ideas are short lived but that doesn’t matter because in a retail revolution
you try just about anything. It is a race to find the key ingredients that will
finally make up a new order of retailing. This is entrepreneurship and it fuels
the fire of businesses who will not accept decline and who will look for
progress.
Compare that
with QVM. We have some traders who actively resist change. We have do-gooders
who want to leave things as they are. We have a State Government that is
listening to too many voices and has an election coming up and would prefer not
to offend anyone. The decision making is just too long, too compromised, and
too inactive. Is it any wonder that good entrepreneurs are questioning their
role at this market.
A retail
revolution is a call for action. Sadly, many traders believe there is not enough action at QVM, and many good entrepreneurs may find it difficult to wait around.
By Greg Smith
Have Your Say - click here.
COMMENTS:
01/07/2018
21:57:20 Retail Revolution "The Retail Revolution as you refer to it may be one aspect of the
markets decline but years of not reinvesting in the markets future maybe now
too late to catch up.
Good
entrepreneurs may find the grass is greener else where or at lease worth a try.
The Renewal
was never going to help traders in the short term rather than a long term
vision but we are here and now and some traders are going to be collateral
damage for the future.
That price is too much to pay for many traders."Yes, I guess the point is that many traders were prepared to suffer the short term pain for a grand(er) vision for QVM. But it is the delay in getting things done that really causes a re-think. Thanks for your input - Ed.