E063: Part 2: How to build resiliency into your business
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The Art of Balance: Focus vs Diversification in Business
Exploring the delicate balance between intense focus and diversification in business, the chapter draws parallels from sports and investment strategies to emphasize the importance of both in building a resilient and successful brand. Discussions revolve around triggers for diversification, different types of diversification strategies, and the necessity of adapting to future market trends. Moreover, the chapter underlines the significance of maintaining a strong moat around the business, enduring challenges with a resilient mindset, and using productive paranoia to protect against potential threats.
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