Yes, Walmart has decided to close 269 stores worldwide but don’t panic, your Patty Pies are probably safe. Many of you will not even be effected by it. I have been monitoring people over the weekend being upset about this move saying things like “this is morally wrong” or “they never think about the little guy”. With that being said I felt compelled to explain why this happened and how long term consumers will be happy for it. Walmart is a business and they are really good at it which is why co...

How were some businesses able to make it out of the recession of 2008 while others were not so lucky? The answer is not as hard as you think. Far too often when people start on the path to entrepreneurship they don’t ask themselves enough questions. One of those questions should be is my business a consumer staple or a consumer discretionary business? Which one is better? Which one is the least volatile? Many times when I go on a initial consultation I asked these questions and people don’t hav...

Have any of you been wondering why gas is so cheap these days? Some of you may think that it is an aberration or some of you may its back to the way it should be. Some of you may not even care as long as it stays this way. The simple answer is economics which would be supply and demand in the price of oil. As I write this, the price of oil is just below $36 a barrel as oppose to $120 a barrel back when gas was almost $4. This is also proof of how for example economic policy set in Beijing can a...