To me it's obvious: How many times are you willing to or capable of re-inventing yourself? Consider Fisher Body. In the late 1800s they built carriages as Standard Wagon Works. Any who worked on cars will remember their logos on almost every GM car built until the mid 80s:
Here is a short chronology:
1908 - Fisher Body Works is created
1929 - 60% is purchased by General Motors
1930 - Slanted windshields for reduced glare
1933 - "No-Draft" ventilation
1934 - One-piece steel "turret top" roofs[3]
1935 - Former Durant Motors plant in Lansing, Michigan, opens
1936 - Dual windshield wipers
1944 - Fisher Brothers resign from GM
1944 - Started to build tanks for the War Effort
1945 - Developed an Aircraft Division for WW1
1947 - Starts Fisher Dynamics
1973 - Created General Safety
1969 - Fisher's "Side Guard Beam" is introduced
1974 - Invented the ignition interlock system
1974 - Produced GM's first airbag
1975 - Fisher develops GM's first all-metric vehicle, the Chevrolet Chevette
1979 - Fisher Northern Ireland established, opens plant in Dundonald, Northern Ireland
1995 - Sold General Safety and renamed to Fisher Corporation
2008 - Fisher Coachworks, LLC officially launches and begins development of the GTB-40 transit bus
Its truly amazing how this family and their businesses have evolved over the years. From carriages to aircraft. It would have been complete if they had made seats for the Shuttle. Have you ever wondered why B&O Railroad never became B&O Bus Lines? Or B&O Airlines? They didn't evolve. They got mired in their niche and now are largely irrelevant. The Fishers were different... they didn't shun technology nor did they complain that it was changing the marketplace. In fact, they embraced new technologies and made them their own. They were on the forefront of producing interchangeable parts for carriages which brought them right into the automotive world. They didn't stop there and were early adopters on many fronts... they still are!
So look at where you are, and what's happening around you. What's different now than when you started? What are the new technologies? How are you keeping up? How are you getting ahead of the curve? If you don't adjust and evolve, you'll be just as relevant as the B&O. Me? I would rather be like the Fishers.
Here is a short chronology:
1908 - Fisher Body Works is created
1929 - 60% is purchased by General Motors
1930 - Slanted windshields for reduced glare
1933 - "No-Draft" ventilation
1934 - One-piece steel "turret top" roofs[3]
1935 - Former Durant Motors plant in Lansing, Michigan, opens
1936 - Dual windshield wipers
1944 - Fisher Brothers resign from GM
1944 - Started to build tanks for the War Effort
1945 - Developed an Aircraft Division for WW1
1947 - Starts Fisher Dynamics
1973 - Created General Safety
1969 - Fisher's "Side Guard Beam" is introduced
1974 - Invented the ignition interlock system
1974 - Produced GM's first airbag
1975 - Fisher develops GM's first all-metric vehicle, the Chevrolet Chevette
1979 - Fisher Northern Ireland established, opens plant in Dundonald, Northern Ireland
1995 - Sold General Safety and renamed to Fisher Corporation
2008 - Fisher Coachworks, LLC officially launches and begins development of the GTB-40 transit bus
Its truly amazing how this family and their businesses have evolved over the years. From carriages to aircraft. It would have been complete if they had made seats for the Shuttle. Have you ever wondered why B&O Railroad never became B&O Bus Lines? Or B&O Airlines? They didn't evolve. They got mired in their niche and now are largely irrelevant. The Fishers were different... they didn't shun technology nor did they complain that it was changing the marketplace. In fact, they embraced new technologies and made them their own. They were on the forefront of producing interchangeable parts for carriages which brought them right into the automotive world. They didn't stop there and were early adopters on many fronts... they still are!
So look at where you are, and what's happening around you. What's different now than when you started? What are the new technologies? How are you keeping up? How are you getting ahead of the curve? If you don't adjust and evolve, you'll be just as relevant as the B&O. Me? I would rather be like the Fishers.