James Ling on How to Transition From a Dull Industry to a Sexy One the Fast Way
If you should conclude that you are in the wrong industry and need to switch, there are two basic ways to make the transition. One is to start from scratch and go the startup route. The downside here is that it’s typically the long slow way to a payback on your investment. The odds are also against you as they are with most startups. The other way to achieve a transition is to buy your way in by acquiring an existing business which then serves as your beachhead in the new industry. You then focus on expanding the beachhead and moving inland. Think of the D-Day Landings as a good analogy for this growth strategy.
The new season of The Profit starts October 14th. That’s this coming Tuesday.
Donna Johnson Sues Stein Meats
You hate to see this kind of thing happen.
The deal between Marcus and Stein Meats fell through. Frankly speaking I am not surprised as the company had dug too deep a hole for itself. Apparently the boys weren’t too forthcoming with Marcus in terms of promised cooperation.
If you follow business news this company has been making headline news over the past few weeks. Last week the media was covering its war with ride sharing competitor Lyft. This is why people talk about business as warfare. It’s been a while since we have witnessed such fierce competitiveness.
Someone sent me a link to this article in The Economist. If you have very young kids or plan on having kids someday, you’ll find some valuable advice on raising them to be successful.
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