Long product life cycles in large product markets: Pursue technologies with long product life cycles that offer sustainable competitive advantages in large markets.
Long product life cycles in large product markets: Pursue technologies with long product life cycles that offer sustainable competitive advantages in large markets.
Products with high barriers to entry: Strong patents, an FDA approval process that appears to be lengthy and complicated, or other barriers that keep competitors at bay.
Accomplished people: Those with a track-record of success. “Bet on the jockey, Not the horse.”