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Stay Scrappy And Embrace Economic Chaos
Ed Jay is the President at Newfold Digital, a top internet and commerce know-how enterprise serving virtually 7 million consumers globally. Getty Our earth is in an at any time-changing point out there is no question about it. Difficulties introduced on by the pandemic have reworked into new considerations, including a likely economic downturn, labor shortages and provide chain uncertainty. Although “unparalleled instances” have turn into rather of a cliché by now, the financial ups and downs of the previous few decades have taught us that there is no playbook for dealing with chaos. An unpredicted twist is that large companies seem to be to be taking a harder strike…
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Why Intelligent Entrepreneurs Like Mark Cuban Embrace the Rule of Niche at Scale
Someone I know wants to start a small business. He’s eager. He’s enthusiastic. He’s the right age. (While any age can be the right age, research reveals that older entrepreneurs tend to be more successful, even with tech startups.) He has an idea, and he’s thinking big. “Disruptive big,” as he puts it. Problem is, his idea involves underwear. Not that an underwear startup is a problem in itself; Mack Weldon launched with underwear and socks. But he hasn’t come up with new fabrics. Or new styles. Or new designs. Or a new marketing twist. For him, it’s all about market size: Everyone wears underwear. Yet, paradoxically, that’s a real problem. As Mark Cuban says, “When…