This week, I read about Uber's co-founder Garrett Camp reportedly paying $72.5 million for a mansion in the 90210, a record high for Beverly Hills real estate.
Wait, wasn't it only months ago that Uber went public with their IPO, stating that the company "may not achieve profitability"? In fact, revenues surged last year by more than 40% to $11.3 billion, but somehow Uber actually lost $1.8 billion (yes, 1.8 BILLION DOLLARS) in 2018 (reference).
Straight up: I don't understand these economics.
There is work being done, and someone is being rewarded financially, but where is the money coming from? And are the right people getting paid the right amount? And, if the service is of value to people, why are they not paying the amount for the service that is necessary for it to thrive? Or, is the money getting lost somewhere along the way? So many questions!
I don't know if I will receive a satisfactory answer to this (apparently) problematic model, but what is has done is reaffirmed my confidence in how we do things here at dignify.
At dignify, we have a product: kantha blankets. The product is good (we think, and thousands of blankets & happy customers later, it seems you agree!).
We buy the quality product from a reliable, trustworthy source, at a price that we have agreed upon. We've determined that the set price is reasonable to compare with global offerings and customer value. Then, dignify prices & sells the product directly to interested customers.
The price we (dignify) set for our kantha blankets is a number set to pay the bills, enable our ability to grow, and to turn a profit. In short: to sustain continuing business. Most businesses need to create a business model that allows for a consistent profitability, since few entrepreneurs are able to put their business on the stock market and make money from perceived value (rather than actual value).
There's nothing "old fashioned" about an internet shop where I don't see customers' faces. There is no Open/Closed sign, and what passes in & out of our office most frequently are 1s and 0s. But, the old fashioned model of have-a-thing-and-sell-it-for-a-price-and-make-money is one in which I am happy & proud to participate.
(Photo courtesy of Friends of Basha)
Reflections from my experience visiting a Brothel in Bangladesh
As impossible as it is for me to believe now, earlier in 2020 I flew around the world. The primary objective was to visit Bangladesh and see, in person, the life-changing work in which dignify has had the privilege to participate over these past 8 years.
A friend recently asked on Facebook for “the most challenging and enlightening resource you have read/watched about the problem of racism in America”. This question received numerous responses within the day: half a dozen films, dozens of books, podcasts, courses, and other hubs of information resources (as well as the astute reply, “Conversation”, which is, of course, the most relational and human of “resources”).
I think that this experience was shared by most people in early June (as protests & concerns over racial injustice had reached a critical volume): so many resources, so much to learn.
But now, 2 months later… what have we done with the magnitude of worthy, fascinating, perspective-altering information & insights that have been brought to our attention?
And this it only in the area racial injustice. In other interests & concerns: How much do we know? How much have we learned & read & listened to already?
Approximately 25 years ago (in March 2020), we did a customer/reader survey. I asked what you like to read on the blog & one of the respondents suggested a post on "living generously". What a fabulous idea and perfect for this time in history!
[The title of this post implies some kind of authority or expertise — ha! Nope, no experts here... just some thoughts on generosity from a fellow human, trying to make my way!]