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Old 05-01-2019, 11:29 AM
 
Location: On the water.
14,290 posts, read 8,293,764 times
Reputation: 11692

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Quote:
Originally Posted by payutenyodagimas View Post
a businessman ignoring 40M people?

California is even bigger than Canada with more purchasing power

how many states is equal to california in market size?
I was thinking exactly the same
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Old 05-01-2019, 11:44 AM
 
3,437 posts, read 2,236,086 times
Reputation: 2458
Quote:
Originally Posted by Tulemutt View Post
I was thinking exactly the same
i am not a businessman but i like the way they asses a market?

just like they see the billion people chinese market. "if i could only sell $1 to each of those 1B people..."

ignoring $2T+ economy is just dumb. we still need to eat, wear clothes, shoes etc
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Old 05-01-2019, 11:55 AM
 
Location: On the water.
14,290 posts, read 8,293,764 times
Reputation: 11692
Quote:
Originally Posted by payutenyodagimas View Post
i am not a businessman but i like the way they asses a market?

just like they see the billion people chinese market. "if i could only sell $1 to each of those 1B people..."

ignoring $2T+ economy is just dumb. we still need to eat, wear clothes, shoes etc
Yes. Although, to be fair, it’s also true that suitability depends on your product / services. For some ventures you benefit from being part of a large / huge market. For some other things you don’t need 40 million consumers, you just need a small number to thrive in your niche business.

When I ran my little print shop - for 35 years - ten’s of millions of people meant nothing. I set up my shop in an old garage building, not even a storefront, not even a sign on the door. My customers were relatively few in number and a steady small trickle of new came by referrals from existing base. I did excellent work, on time, at a very low price due in considerable part to my overhead being so low. No employees (except a few for a few years). No advertising. Cheap rent. Etc. Paid the bills with enough margin to enjoy my simple lifestyle.

Coulda done that in any small city anywhere in the country. So, if I was obsessed with issues of taxation or politics like many on this forum are - I wouldn’t have to stay where I was so unhappy.
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Old 05-01-2019, 01:38 PM
 
3,437 posts, read 2,236,086 times
Reputation: 2458
Quote:
Originally Posted by Tulemutt View Post
Yes. Although, to be fair, it’s also true that suitability depends on your product / services. For some ventures you benefit from being part of a large / huge market. For some other things you don’t need 40 million consumers, you just need a small number to thrive in your niche business.

When I ran my little print shop - for 35 years - ten’s of millions of people meant nothing. I set up my shop in an old garage building, not even a storefront, not even a sign on the door. My customers were relatively few in number and a steady small trickle of new came by referrals from existing base. I did excellent work, on time, at a very low price due in considerable part to my overhead being so low. No employees (except a few for a few years). No advertising. Cheap rent. Etc. Paid the bills with enough margin to enjoy my simple lifestyle.

Coulda done that in any small city anywhere in the country. So, if I was obsessed with issues of taxation or politics like many on this forum are - I wouldn’t have to stay where I was so unhappy.
you are correct, you dont need all the 40M people to do business with.

but doing business with CA is very profitable and scalable

just ask Mr Singer

L.A.’s Elite on Edge as Prosecutors Pursue More Parents in Admissions Scandal

https://www.nytimes.com/2019/05/01/u...gtype=Homepage
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Old 05-01-2019, 02:24 PM
 
Location: Aliso Viejo, Orange County, CA
5,075 posts, read 6,616,927 times
Reputation: 4176
Quote:
Originally Posted by Taksan View Post
Without $illyCoin valley California isn’t anything special... but $illyCoin valley is probably the #1 innovator worldwide period so it’s bound to have a massive effect. I do know that for many non tech businesses including my business that the returns on investment are better elsewhere due to the high taxes and cost structure combined with business unfriendly politics. Those businesses have essentially left or are leaving or severely reducing their Californian footprints to just what’s essential. As a business if you didn’t need to be in California there is no reason to be there... it’s not a market you want to be in unless you need to be.
CA is not just about technology:

Investment in Southern California’s industrial properties is booming
The money is flowing
https://www.ocregister.com/2019/04/2...es-is-booming/

"Here’s a breakdown of where Southern California’s foreign investment dollars came from between 2010 and 2018:

  • China: $1.3 billion
  • Singapore: $1.25 billion
  • Canada: $1 billion
  • Norway: $590 million
  • Japan: $160 million
  • Australia: $100 million
  • Germany: $100 million"
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Old 05-01-2019, 03:03 PM
 
Location: Naples FL
603 posts, read 167,535 times
Reputation: 891
Quote:
Originally Posted by pacific2 View Post
CA is not just about technology:

Investment in Southern California’s industrial properties is booming
The money is flowing
https://www.ocregister.com/2019/04/2...es-is-booming/

"Here’s a breakdown of where Southern California’s foreign investment dollars came from between 2010 and 2018:

  • China: $1.3 billion
  • Singapore: $1.25 billion
  • Canada: $1 billion
  • Norway: $590 million
  • Japan: $160 million
  • Australia: $100 million
  • Germany: $100 million"
That’s great ... it gives us someone to sell to who doesn’t care about the lacklustre ROI ....
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Old 05-01-2019, 03:07 PM
 
Location: Naples FL
603 posts, read 167,535 times
Reputation: 891
Quote:
Originally Posted by payutenyodagimas View Post
a businessman ignoring 40M people?

California is even bigger than Canada with more purchasing power

how many states is equal to california in market size?

Well since we sold our California operations we reinvested the proceeds elsewhere in the same business in different areas ( mostly in the Carolinas) and our ROI on those operations is 40% higher then our California operations were. California might be a good place to do business for some but in my business other areas were simply better.
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Old 05-01-2019, 03:26 PM
 
18,181 posts, read 11,401,325 times
Reputation: 9159
Quote:
Originally Posted by pacific2 View Post
CA is not just about technology:

Investment in Southern California’s industrial properties is booming
The money is flowing
https://www.ocregister.com/2019/04/2...es-is-booming/

"Here’s a breakdown of where Southern California’s foreign investment dollars came from between 2010 and 2018:

  • China: $1.3 billion
  • Singapore: $1.25 billion
  • Canada: $1 billion
  • Norway: $590 million
  • Japan: $160 million
  • Australia: $100 million
  • Germany: $100 million"
Humm, if properties, it does not have a lot to do with actual sales of things made, technology, etc, just Industrial Properties. One was just a warehouse for storing and shipping their goods.


It is also a small % of the State GDP, so Tech seems to be the dominate source for the GDP.
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Old 05-01-2019, 03:56 PM
 
Location: Aliso Viejo, Orange County, CA
5,075 posts, read 6,616,927 times
Reputation: 4176
Quote:
Originally Posted by expatCA View Post
Humm, if properties, it does not have a lot to do with actual sales of things made, technology, etc, just Industrial Properties. One was just a warehouse for storing and shipping their goods.


It is also a small % of the State GDP, so Tech seems to be the dominate source for the GDP.
No, they are not simply building industrial properties for the sake of it. That would be silly. Companies build these things for use. Also, CA has a diverse economy, and the industrial portion can't be dismissed, as it adds to the state's strength.

Investment in Southern California’s industrial properties is booming
The money is flowing
https://www.ocregister.com/2019/04/2...es-is-booming/

Quote:
In January, Walmart announced plans to open a 340,000-square-foot consolidation center in Colton in July. Using automated technology, it will be the company’s first consolidation facility to receive, sort and ship freight.

Economist John Husing said the Inland Empire added 22 million square feet of industrial net absorption in 2018, most of which is e-commerce related. An equal amount of industrial construction is currently underway.

“We’re filling them as fast as they’re being built,” he said. “I don’t find the numbers in this report to be surprising.”
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Old 05-01-2019, 04:10 PM
 
Location: Illinois
10 posts, read 2,838 times
Reputation: 15
Apple HQ is in Cupertino, CA. So it Makes sense why Cali is #1 lol
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