2min snip

Acquired cover image

Interview: Hamilton Helmer & Chenyi Shi on How to Build an AWS-Like Second Business

Acquired

NOTE

Sequence for Business Invention and Risk

The key insights from the discussion are to identify the strengths of your current business honestly, explore new business opportunities under those strengths, consider launching a new business if no opportunities exist, utilize existing capabilities differently for new customer needs, and focus on opportunities where you have a competitive advantage. The sequence is important as invention is risky, as seen in Amazon's use of their distribution logistics as a foundation.

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