Saturday, October 3, 2015

Related: 6 Things I Wish Somebody Had Told Me When I Started My Small Business - 5

                                                                                           5. Sustainable competitive advantage

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Every solution has competitors and alternatives, or it has no market. Thus, it needs an advantage to rise above the crowd, such as a patent and trademarks, unique market positioning or support from industry partners. Too many competitors or a product with minimal differentiation makes a startup risky.                                 

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