It said that some products will always be needed, and gave an example : men will always need hats to wear in polite society.
Reading it 100 years later when societal norms have changed so much (and not only will you not see a single hat in a posh restaurant, they are even listed on the forbidden things of their dress codes) reinforced that there is no such thing as needs/products that "never change".
But in the wake of Covid when it comes to business analysis I think that we now have a different outlook on why is variable and what is not. We might have gotten a little too high and mighty with our assumptions.
There are still things that will never change about the base relationship you have with your customers if you have a viable business model though.
Women will always need yoga pants in all weather. There updated for modern times )
A seemingly obvious question but one that isn’t posed often enough. Open your eyes and play the long game, don’t waste too much money chasing what won’t be around in 3, 6, 12 months unless you absolutely have to.
Loved the list, really has my gears turning thinking about my own business strategy.