How To Quickly Capture Today’s Untapped Business Opportunities

from Forbes During an economic downturn, if you look close enough, there are always industries that are doing better than they ever did. What’s interesting is that despite the economy’s negative impact on buyers’ purchasing power, the demand for certain companies’ products is so high that even the leaders of the industry cannot keep up with demand. Will you do something about it? Entrepreneurs owe their leadership, hustle, problem-solving skills and risk-taking to those in need. You know there’s a promising business opportunity when you see people ready to spend their money but can’t find anyone to take it. This […]

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The Amazing Shrinking Firm

from Medium In his seminal paper, The Nature of the Firm, the great Ronald Coase stated that the optimal size of a firm in an industry will decrease as transaction costs in the industry decrease. The Internet has proven to be a singular tool to reduce transaction costs across almost every industry, so according to Coase, the size of the firm will shrink in response. My view is this phenomenon has only begun and will accelerate dramatically over the next decade. The on-demand economy. The consumerization of enterprise. The bottoms-up economy. Micro-schools. Citizen journalists. Social media. All of these are symptoms […]

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How America’s Education Model Kills Creativity and Entrepreneurship

from Forbes The current model of education in the United States is stifling the creative soul of our children. While this is troubling for a variety of reasons, it also has significant economic consequences for the future of our country. America has long been unique because of its remarkable ingenuity, innovative capacity and entrepreneurial spirit. Yet over the last few decades, we have witnessed both a steady decline in the number of startups, as well as an increasing number of studies that suggest America’s education model fails to promote the kind of creativity, risk-taking, and problem solving skills necessary for entrepreneurship, […]

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