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

Acquired

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Identifying and Leveraging Distinctive Competencies

Identifying the distinctive competencies within a business is crucial, as not all companies possess such capabilities. It is essential to evaluate if these competencies can be applied to new areas to create a competitive advantage. Being brutally honest and granular in assessing the current business capabilities is the first step. If a new business opportunity aligns with these distinctive competencies, it is advisable to venture into that area for growth and success.

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