I spent a lot of time on the internet researching the industry as a whole. There are about 220,000 machines in the US that are owned by non-banking companies and individuals. My first thought is that this is about 1 machine per 1,000 individuals (there’s about 220 million adults in the US/220 thousand machines and you get 1,000 adults per machine).
Small Business Model Series Entry #4 – Basic Research
Research is something I hate. I don’t know which is worse, a dental visit or doing research. This is why I didn’t go to college. But, I know; I want to protect my hard earned dollars and I need to get smart about Automated Teller Machines. So where do I start?