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How Do I Start Your Own Business?

Strategy Driven

Knowing the cost of a business is essential in determining whether a business is profitable. Determine your Potential Market. If any of these numbers are insignificant compared to the cost of running your business, you need to revisit or change your plan. Part 3 Creating a Marketing Plan. Identify Obstacles.

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The Economy of Punishment

Harvard Business Review

And relatedly, how do we recognize a black-market innovator who may have all the talent of a Richard Branson or a Jay-Z, but lacks the opportunities for a leg-up in the formal economy? To solve this problem, we first need to recognize the talents of the gangster. As Gary joked, "You can't even see bad under the microscope.

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The Problems With Incubators, and How to Solve Them

Harvard Business Review

Inexperienced friends and family (and, increasingly, crowdsourced investors) lack the ability to gauge the viability of a business, or to mentor naïve entrepreneurs. This knowledge gap, I have come to believe, is best filled by savvy incubators. However, there are over 7,500 business incubators around the world.

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How the U.S. Can Rebuild Its Capacity to Innovate

Harvard Business Review

The invention of modern transistors, the adoption of standardized shipping containers, and the advent of low-cost assembly lines in East Asia lowered costs and created larger markets for televisions and radios, setting the stage for an Asian manufacturing powerhouse. By the time that substantial U.S.

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Design Thinking Is Fundamentally Conservative and Preserves the Status Quo

Harvard Business Review

The criticisms are several: that design thinking is poorly defined ; that the case for its use relies more on anecdotes than data; that it is little more than basic commonsense, repackaged and then marketed for a hefty consulting fee.