Friday, May 11, 2007

"$350 Liquor? Just Spreading the Wealth"

Floyd Norris's column (behind the pay wall) in today's New York Times biz section, about high-end hi-balls in Manhattan, made me think about the flip side to the massive growth in incomes and wealth in the U.S. There's a lot of entrepreneurial opportunity here. All this green tells me that suddenly there's a lot more room at the high end of the price-quality-service continuum. Big business, with their steamrolling marketing budgets and capital muscle, is adept at exploiting these niches. But in the age of low-startup costs, thanks to widespread digitization, the little guys and gals can also step in.

Where are the opportunities? High-end personal training? Upscale medical practice? Garbage disposal that's as discreet, bonded and private as a white-glove home cleaning service? Use your imagination.

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