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A s I observe people looking to start a new business, too many times they shoot for the mass markets, commodity markets and no-margin markets. They ignore the niche markets, low-volume, low-competition and high-margin markets. Going back to my experience as a sales rep in the industrial equipment space… at any given time, I had only 10 to 15 customers with only three to five competitors. And in that seemingly small market, with seemingly no competition, over $100 million in sales was produced. This very experience flies in this in the face of most of the business advice currently being doled out in the marketplace.
by Dan Pallotta | 7:04 AM August 23, 2012 We had 400 full-time employees. Sixteen U.S. offices. We were completing a year in which 58,009 people would participate in one of our long-distance walks or rides for charity, and would raise $169 million in contributions for AIDS, breast cancer and suicide prevention — $32 million more than the year before, which was $31 million more than the year before that.
This decade's biggest business will take place on the Internet, in the yoga studio, or around the supermarket aisle.
"It was also interesting to learn that unlike personality profiles, one’s entrepreneurial profile changes and shifts over one’s entrepreneurial journey." Author, Entrepreneurial DNA
Sensing hard times ahead, a growing number of tech startups are looking to be acquired. NEW YORK (CNNMoney) -- There's essentially three options for a tech venture outgrowing its startup days: Get big, get bought or go broke.