How to Think About Economic Moats When Starting a Business
Just like in a medieval fortress, an economic moat will keep competitors out by creating barriers. August 2, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. Warren Buffett, the investment oracle from Omaha, famously looks for businesses with “moats” that can all but guarantee returns over time. As investors’ returns are taken from a firm’s profits, finding and establishing a moat would appear to be universally good advice in business. So can entrepreneurs gain from thinking about moats for their startups? Related: 8 Financial Tips for Entrepreneurs Launching a Startup A moat, according to Investopedia, is a “business’ … Continue reading How to Think About Economic Moats When Starting a Business
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