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S8 E9: Temu Has the Power to Take Down Wayfair, Etsy, and Amazon— Here’s Why
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Learning from business closures
Numerous direct consumer businesses, facing financial difficulties due to high interest rates and empty buildings, have come to the realization that they cannot sustain operations any longer. Many entrepreneurs have decided to seek new homes for their businesses rather than hoping to survive downturns or raise more cash. Despite the unfortunate outcomes, there is value in the learning experience and opportunity for growth by joining new organizations or preparing for future ventures. Second-time founders who have gone through business closures tend to succeed faster, making them attractive investment opportunities.
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