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sort of and not sort of, kodak went bust because they couldnt/refused to keep up with the times, had they kept up with the times, they still may exist today, I wouldnt say a industry thats been wiped out by changing times as a economical negative, as another industry would have absorbed...

well off the top of my head, naming a few businesses that have either gone bankrupt or bought over in the past say 2 years, many of them are franchises (since only these hit the news) amongst all the single owners that have gone bust but not made the news we have baskin robbins, Krispy Kreme...

agree, IT consultancy may be your own business on paper by the ATO, but it doesnt count, in terms of stress/physical work/hours/issues, go out and try retail / fashion / hospitality, its one of the worst, and top that off with a shopping centre lease, hell, a franchise is far easier but still...