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" ... "The construction sector is rather archaic, slow and capital intensive. Also, every country, every state, and sometimes even every different city, has its building regulations, which makes it hard to scale globally," said Heinsman. "For this reason, Aectual has taken an incremental strategic approach: focusing on building products instead of entire buildings or homes, which enables fast product development that's also less capital intensive." ... "
" ... Before you freak out, I actually kind of understand this, mainly because many of my small business clients do the same. Despite all the experts who urge that we always use the latest technologies, there’s a reason to stick with the old stuff: if it works, don’t break it. Perhaps the cost/benefit of changing out these archaic floppy disk systems isn’t worth the effort. That’s a question for Boeing to answer. But countless small business owners use this rationale when they decide where to spend their investment dollars. And in many cases, the decision to stay with older tech makes better sense if the ROI can’t be justified. Replacing older tech with something newer will continue being debated this year. ... "
" ... Over the pandemic, archaic alcohol regulations both in Canada and the United States have become a blatant problem. Government control boards have always been a burden on small producers, retailers, restaurants, and bars: small producers have to navigate shipping restrictions, levies and tariffs on imports, and a host of other prohibition-era red-tape designed to keep drinking-related problems to a minimum. ... "
" ... Train your people. Equip them with the procedures and tools they will need to thrive in your company. It might seem archaic these days to have policies your employees must follow, but coming from a second-generation family business, I have to disagree. People come and go, but processes are here forever. Done properly, these processes are the glue that keeps companies grounded and going in times of uncertainty. ... "
" ... “Over time, we imagine people will think it was archaic that consumers had to lock up a large part of their net worth in a security deposit and put the majority of their income towards a wealth depreciating asset,” says Basil Siddiqui, a co-founder of the New York City-based company. ... "