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More Entrepreneurs Need to Hit and Run
The life expectancy of many smaller companies is growing shorter as today’s fast-moving economy produces opportunities and then almost immediately begins destroying them.That means increasingly entrepreneurs need to quickly enter a market, exploit it as fully as possible, and then be prepared to get out before profit margins become too narrow to support the business.
What’s driving the trend? The strong downward pressure on prices that global and technological competition brings is collapsing profit margins across many industries, leaving fewer crumbs for small companies to capture.
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