
EP 339. Competition Demystified: Customer Behavior, Reading a 10K, Retention Rates, Industry Structure, Etc.
Focused Compounding
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The Best Type of Niche Is Local
A local advantage is by far the best advantage you can have in business, because of the mine share. If it's not local, f its globally traded,. And some can be created anywhere else in the world to compete with you and they could beat you on that. So even talking bout sing ik george risk or somting, that's a benefit versus totally global business. Local nich is, dafh the best one. It can become incredibly dominant due to local economies of scales.
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