Away Quote by Michael K. Powell
“You can sell nothing for a mark-up for a while, but only until something starts eating away at it. Now I can go home and click on Yahoo, call my sister and talk over a microphone for free.”
About This Quote
Source Interview: Economic Outlook, Bloomberg, 2023
Profit margins erode over time; technology offers free alternatives, reducing value.
In simple terms: Tech reduces profit value.
Key Takeaway
Adapt to tech change.
Themes
economics
technology
business
Mood
analytical
pragmatic
Type
business
economic
When to use this quote
- business strategy
- pricing
- product development
Key Concepts
market dynamics
digital disruption
consumer behavior
Questions to Reflect On
- How will you innovate before profits decline?
- What free alternatives threaten your market?
A Different Perspective
Transition can be costly and risky.
![“I don't like being away from home. That's one reason why I don't work as much as I used to [when I started my career], because so many things are on the road. I just don't want to be away from my husband, my dogs and my home. I don't sing that much any more because that also takes you on the road.” quote by Jane Powell](https://sms4smile.com/quotes/img-quotes/07c/jane-powell-36243_away-from-home_i-don-t-like-being-away-from-home-that-s_278.jpg)
