Why traditional business is dying?.

[hastral45]

Before the evolution of internet, there were ways our traditional businesses were doing. Most of those traditional businesses were done in unconventional methods. Some businesses did not even required you must have degrees before you set it up. Once you have your fund, rent building, off you can go.
But now, modern communication has change the trend of business and due procedures must be followed before your business is recognized and legitimate. Traditional businesses are no more patronized as customers wanted to deal with registered and professional businesses only. Most traditiona business are now changing their name for professional names like fashion designer which was tailor before, carpenter become furniture maker, etc.

 

[IB D]

As it stands now, any business that has refused to have an online presence would go extinct in the next three years if it does not change. The business sector is driven by IT today.

 

[AruneBend]

Some traditional bussnesses doing pretty great right now but I agree that traditional bussness are dying online bussnesses became very popular and many peaple shop online these days I like to shop online often

 

[Heatman]

Before the evolution of internet, there were ways our traditional businesses were doing. Most of those traditional businesses were done in unconventional methods. Some businesses did not even required you must have degrees before you set it up. Once you have your fund, rent building, off you can go.
But now, modern communication has change the trend of business and due procedures must be followed before your business is recognized and legitimate. Traditional businesses are no more patronized as customers wanted to deal with registered and professional businesses only. Most traditiona business are now changing their name for professional names like fashion designer which was tailor before, carpenter become furniture maker, etc.

The word have completely change from what it used to be decades ago which is why you have to also upgrade your business all the time to make sure that you are up to the trend in what is going on in the society, so that your business will always keep surviving.

 

[eldavis]

Like they say, notting is constant, the only thing that is constant is change. The world is constantly changing, so its either you try your best to go along with it and adapt or you get left behind.

 

[Niyi Briggs]

If you are still stuck in those traditional ways, you would not be able to progress and be sustainable in your business. Go and ask a business called blockbuster.