There are many options for how to bypass competitors. But most methods involve huge financial or reputational costs. There is only one way that is quite cheap and at the same time does not affect the reputation, because it looks honest and fair. It will allow you to bypass competitors and become a market leader. It is profitable to be a leader, because the leader gets the maximum, the rest gets the rest.
The further away from market leadership, the lower the earnings. For example, Apple removes from the smartphone market about all 94% of profits. Another 11% goes to Samsung. Together, they withdraw more than 100% of the profits, while the rest are in chronic minus. And the farther away from the leader, the greater the minus. Continue reading
Recently, two words have become fashionable and popular among businessmen: pump and pump. And these are not just words, but ways of business development. The words look similar and you might think that they are synonymous. But in fact, the words are very different, reflect different meanings, essence and processes. We are talking about the basic processes for the development and prosperity of business, from the understanding of the flow of which, its fate depends.
ways of business development
At its core, pumping and pumping are ways of business development, and multidirectional, but dependent on each other. Continue reading