A business having a durable competitive advantage means that it possesses unique qualities that set it apart from its competitors and that these qualities are not easily replicated or surpassed. This could be due to superior technology, strong brand recognition, cost advantages, or access to exclusive resources. Such an advantage allows the business to generate greater sales or margins compared to its market competitors, and ensures its long-term profitability and survival.
Do you long for the day when you can work less and travel more? Do you fear that you’ll never have e...
View summary