Sunday, December 14, 2008

when you find your niche, stay, dominate and then conquer other niches!

well, this entry will be very brief because i have to read several articles for our eco dev paper after this. i am really impressed by the way our Fil-Chi businessmen have dominated a certain industry and have gone on to expand and diversify their products to other sectors so as to have other income-generating vehicles in cases of downturns in any specific industry. i think this is probably a mantra in business. look for your niche and then expand. look at how donald trump dominated the real estate industry and he now goes on to ice, clothes and jewellery lines.

i am really impressed. lesson learned.