Anybody can start a business. But, very few businesses started have long term, defensible barriers to entry to protect against potential future competitors. As you know, every good idea spawns many new competitors trying to get a “bite at the apple.” Creating barriers to entry are one of the key things you need to focus on in terms of building a winning business model and increase the odds you get a big pay day down the road. Here are a few examples of the elements your company should establish in order to defend from potential competitors.
Read the rest of this post in The Next Web, which I guest authored this week.
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