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.
What does freedom mean to you? For some, it’s having the ability to work full-time on their passion projects without financial worries. For others, it may be earning enough to travel the world, build a family, buy a house, or treat their loved ones to […]
“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 […]