this post was submitted on 19 Oct 2023
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[–] afraid_of_zombies@lemmy.world 0 points 1 year ago (3 children)

Why would we be done? Most of this stuff is public record or easy to determine if you have a head for business finance.

[–] Lancoian@lemmy.world 1 points 1 year ago (2 children)

not really.. even for publically traded companies the you cannot tell much about their suppliers and customers. Most of the customers of the Firm I work for have NDAs stating we cannot openly advertise.

Only in services/tech sector where product differentiation is large you are a bit isolated form these concerns.

[–] afraid_of_zombies@lemmy.world 0 points 1 year ago (1 children)

Oh please my competitors are often using the same suppliers and they have the same type of beancounters we have. Especially in my industry where we have a bunch of overlap. Just recently I had a corporate partner put together a quote for something we normally buy but wanted them to buy it. They came back with a price within a few percent of what we normally pay.

There is a reason why the three letter agencies are so good at catching money laundering. They have data on what X type of business should be buying and selling at what markup.

I bet you can do it. Just start looking at your numbers.

[–] Lancoian@lemmy.world 1 points 1 year ago

so you agree that numbers aren't currently in the public domain. You just think they can be and it wouldn't hurt.

Also this isn't the only problem I outlined. it's one of them.

also people are often disinterested and unqualified to even understand a balance sheet. let alone deciding on company direction.

I just find it fascinating that many people are convinced that they can run a company while they aren't even able to manage their own finances