New V. Old: Can You Trust One More Than Another?
September 10th, 2010 | Small Business | No Comments »
Experience versus Energy. Wisdom versus Enthusiasm. Age versus Youth. Which is better? Which is more trustworthy? Very similar to the question, which is a better movie Transformers or Transformers 2, there is no easy answer. Both have their merits.
With a older, established company, you have a track record and proven technology. Whatever problems they may have, the older company has established itself in a competitive market. Established, older companies also have a lot more to lose (like the owner’s or shareholders’ assets), so they engage in less risky activity.
The newer company is more cutting edge and usually offers more services (or at least offers an easier way to access their services). In terms of security technology, they are usually more up-to-date on the latest industry trends. On the other side, they are hungier and, usually, more aggressive (i.e. cutting corners). Newer and startup companies also, usually, have no money. So they are “judgment proof”.
So, who do you trust with your business (or shopping) old companies or new ones? Also, do you like Transformers or Transformers 2?
