George Deeb is the Managing Partner at Chicago-based Red Rocket Ventures, a startup consulting and financial advisory firm based in Chicago. Anybody can start a business. But, very few businesses started have long term, defensible barriers to entry to protect against potential future competitors. As you know, every good idea spawns many new competitors trying to get a “bite at the apple.” Creating barriers to entry are one of the key things you need to focus on in terms of building a winning business model and increase the odds you get a big pay day down the road. Here are a few…
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