Forbes has a great story on its website about how YouTube helped one entrepreneurial firm break into the monopolistic market for blenders. An established blender manufacturer that had enough money to dominate advertising found a young up-and-comer nipping at its heels when its videos became a hit online. The breakdown of barriers to enter and compete in markets is one reason to love YouTube. It also helps explain why we need to be wary about politicians nosing around in YouTube.
Matt Bandyk, a reporter for U.S. News, explores capitalism from where it all begins, with the entrepreneur, whose risk taking and experimentation provide the roots from which the rest of the economy grows. As much courage as it takes to create one's own business, even the entrepreneur needs some help, and this blog will look at news, trends, and practical advice for starting and running a small business.
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