Multibillion-dollar legacy industries don’t make it easy for entrepreneurs to step in and create value. There are huge barriers to entry — licensing, pricing, regulations, and cultural/brand significance — that come with being around for a century or more. However, those barriers shouldn’t stop you from innovating. Take the utility sector for example, which is perhaps most frightening of all: a trillion-dollar taxpayer subsidized network of poles and wires set up through franchised municipal monopolies. Otherwise known as, our power and energy industry. It’s a mouthful of protection, and as a result, utilities make for a great investment (just ask … Continue reading We Went up Against a Highly Regulated, Entrenched Industry. Here Are 4 Tips for Getting Your Foot in the Door.
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