A Rather Decent Roadmap For Success

Jun 26th, 2016
Studypool Tutor
Harvard University
Price: $20 USD

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In this white paper, I discuss common themes found in businesses that fail as well as upcoming conditions that any wise entrepreneur must recognize and incorporate into her business model.

Word Count: 1986
Showing Page: 1/6
Brilliant Compensation Model:Built to Last and Thrive 1. Huge & expanding market a. One of the most important characteristics of a business that stands to succeed is its entrance into an industry, a niche, a market, and product line, a trend or the addressing a widespread need that represents a huge and expanding market. Reasons: 1) a large and growing marketplace inherently can provide for healthy growth prospects, even with occasional management missteps along the way; 2) Even if competitors follow your lead and decide to enter the space themselves (which they will if they see attractive profits and no patents or barriers to entry exist), the market ideally is large enough to allow a few companies to coexist and do very well fishing in the same lake; 3) Even when enough competitors have entered, and the market is beginning to become saturated to the point where one businesss success depends on a competitors failure; occasionally mergers and acquisitions can help solve problems perhaps a competitor has developed a more efficient way of doing things and

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