In 1984, Intel Corporation was a leading producer of memory chips. But as Japanese competitors like Toshiba and NEC came to the US, Intel started to lose its market share. This is where the inflection curve of a business typically happens: When a new player suddenly changes the market.
The Japanese were cheaper and better. Intel tried to compete harder. Some executives believed Intel had to build a new factory. Make cheaper memory chips.
“How do we make it delightful for women — who aren’t obsessed with beauty — to find [and try out] the best products?” This is the question that Katia Beauchamp and Hayley Barna tried to answer when they were brainstorming business ideas back in 2010. […]
If you have an existing business, you’ll eventually want to grow it. After all, when you grow your business, you can make more profit. But people often confuse that mindset. About a year ago, we received a call at our family business from someone who […]
People often jump right into all sorts of tactics when they start an online business. These are common things a new entrepreneur often does: There are so many tools for entrepreneurs nowadays that choosing the right platform already requires work. These things are important, but […]