Entrepreneurs sometimes think it is great idea to claim that they have no competition. They suppose that investors will be impressed with the originality of their business idea and its potential to make money where there are no pesky competitors to take market share. Don’t ever write that in a business plan. Nothing could be […]
We have no Competition
Posted in Business Plan Tips, Entrepreneurship, strategyBy David Kaplan - August 10th, 2009 Comments Off on We have no Competition
The Ground Floor Trap
Posted in Entrepreneurship, strategyBy David Kaplan - July 1st, 2009 Comments Off on The Ground Floor Trap
Entrepreneurs naturally look for growing markets. The opportunity to “get in on the ground floor” in a fast emerging market is certainly attractive. Still, fast emerging markets also present a set of predictable strategic risks that entrepreneurs will want to consider with care.