Avoiding the Industry Resource Choke
Recent articles describing some of the challenges of solar companies (i.e. bankruptcy and facility closures) made me think about the natural progression of any industry. You may recall an earlier post about how the telecommunications industry went through its own house-cleaning and the advice to stay informed with your chosen field. It's just a matter of time before the renewables go through the same thing, if it hasn't started already. However, do not despair and abandon your efforts to gain a foothold in the industry. One of your responsibilities is to stay in tune with the industry of your choice and understand the dynamics. Why is one company going bankrupt? Is it a true depiction of industry strength or weakness? What is influencing change? Or is just the result of the cycle that all industries go through? I would lean toward the latter with the belief that this is a good thing. But let's step this aside from the obvious and start applying the same concep