What should change and what should be changed?
After Halloween at the end of October, the whole town is in Christmas mode.
Even the supermarkets nearby are filled with Christmas songs.
Christmas starts at the beginning of November. I like the Christmas season, so there is nothing better than a long Christmas season, but I hope it doesn't get dull. 。。。。
On a different note, I've been hearing a lot about people in the old-fashioned industry lately.
It's an industry where goods are purchased but recorded as deposits instead of purchases.
The book industry, the clothing industry, the book industry... The book industry, the clothing industry, the bookstore industry...
Bookstores do not purchase merchandise.
They simply rent space to display their books and return them when they are unsold.
No matter how many books are browsed, they can be returned.
It is an unusual industry.
I believe that bookstores will never grow under this system.
First of all, they don't make any effort to sell the books they stock, because if they remain unsold, they will be in trouble.
If there are any books left over, they can simply return them and make a profit.
Without effort and ingenuity, there is absolutely no growth.
UNIQLO is doing well. UNIQLO is a SPA, which means it is a manufacturing and retailing company.
They buy everything they manufacture and sell it responsibly.
They sell with responsibility. (I wonder how Amazon is doing.) There is ingenuity in that.
Therein lies the ingenuity.
They have know-how on how much to order.
Know-how in how to sell out the ordered products.
They think strategically.
That is why we grow.
Where there is no risk, there is no growth and no strategic thinking.
I once wrote an article titled "Enter through the Narrow Gate! I wrote an article titled "Enter through the Narrow Gate.
Entering through a narrow gate = a situation where you are forced to work hard.
That is why they grow. It is the same for real estate and financial institutions.
The same is true for real estate and financial institutions.
When you want to rent a store, you have to get a joint guarantee.
They also provide joint guarantees when borrowing funds. They hedge risks and collect on their loans.
In the U.S. and other countries, non-recourse is the norm.
There is no idea of joint guarantees or guarantees for real estate either.
They take risks and lend funds and real estate at their own risk.
However, interest is high. This is the idea. This is the idea.
I heard that the reason Starbucks was able to open stores in the U.S. all at once is because there is no such system as a guarantee deposit.
(I think you can find this out by looking at Starbucks USA's financial reports, but I haven't checked.)
This is where Japanese financial institutions cannot become the global standard.
When collateral is taken, underwriting becomes lax. They don't work hard. They do not accumulate know-how. No growth.
This is the spiral. 。。。。 The real estate industry is the same.
Is it the Japanese national character?
There is something deeply rooted in the Japanese people that needs to be fundamentally changed in order to win in the world.
Akira Tsuchiya, Assentia Holdings,Inc.
Assentia Holdings,Inc.Akira Tsuchiya
