WHY WOULD COMPANIES HAVING MONEY AND KNOWLEDGE START A BUSINESS DIFFERENTLY FROM THEIR FIRST TIME?
Companies with money and knowledge will start a business differently from their first time because …
they have the ability to see gaps and market opportunities.
A market gap is a market opportunity that we should jump into when…
1. Our competitive core competencies have not changed much with the team and resources available
2. Customers are always changing and evolving. but…
3. The old company in the segment I am planning to join does not keep up with the changes and changes of customers
4. I have better cost management standards than competitors in the industry
5. Vision I am better and this vision is big enough and worth the opportunity I spend if I enter the industry and compete.
(1) Professional management team
(2) Marketing team
(3) Strategy
(4) Management capacity
(5) Strategic group and financial management
So your question given to me about what business is should be a very difficult question and cost a lot of dollars to answer.
Doing business with knowledge will be different, starting a business for the nth time (multi-disciplinary investment) will also be very different from the first time.
