116- Why 1st Mover Entrance may not be an Advantage for Entrepreneurs
February 14th, 2010
116- Why First Mover Entrance may be Disadvantage for Entrepreneurs [10:30m]: Play Now | Play in Popup | DownloadIn this episode of The Struggling Entrepreneur, we listen to Chris Benjamin, the Rogue CFO, talk about the caution and possible disadvantages of being the “First Mover” or “first entrance” in a new or existing market.
In most schools of thought and business seminars and training, the “First Mover Advantage” is usually heralded as a key differential competitive advantage. However, the elements of risk and cost need to be understood by the aspiring entrepreneur or recently-launched small business owner.
This content is repurposed from the iTunes(R) free podcast called “The Rogue CFO’s Expert Guide to Launch a Startup,” and it is episode number 8.
As you can see, we do bring the words of warning and caution in several areas where entrepreneurs may rush in too quickly before examining the benefits and exposures thoroughly. Chris Benjamin discusses his perspective why the first entrance into a market may actually be a disadvantage for the Entrepreneur or small business owner.
Copyright (c) 2009, Matrix Solutions Corporation and Chris Benjamin Consulting, LLC. All Rights Reserved.
