E061: Part 1: How to build resiliency into your business
OPERATORS
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Navigating Contracts and Competition in the Business Landscape
The chapter delves into a recent contract renewal with Northbeam, discussing the favorable deal secured and anticipating a price increase. It also explores the impact of increased competition in platforms like TikTok shops, Shopify, and Amazon, highlighting the challenges entrepreneurs face in running successful businesses in the current market. Additionally, the chapter touches on the Stockdale paradox from 'Good to Great', emphasizing the importance of combining belief in overcoming challenges with a clear view of the current situation to build resilience in tough business periods.
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