In my free report, I wrote that the Internet is commoditising many products, services and talents. Commodities can only compete on price. If you are a commodity, competition can only drive your profit margin towards one-direction—down. Good luck to you if your competitors are from low-wage and low-cost developing countries. As a commodity, you are […]
Tag Archives: Rich Dad
Rich Dad: A truly great business must have a business and spiritual mission
A few years ago, I enrolled on the Rich Dad’s Entrepreneur coaching course. One of the very first things I learnt was that a business must have both a business and spiritual mission in order to be successful. This is especially true at the beginning. If a business’s missions were clear and strong, the business […]