Startup companies
fromFast Company
2 weeks agoHow failure taught me to succeed as an entrepreneur
Avoid investing time and resources in businesses with low long-term viability; anticipate market shifts and pivot quickly to maintain competitiveness.
Juan Alvarado has owned a small shoe manufacturing business in Leon, Guanajuato, Mexico's shoe manufacturing capital, for more than 15 years. But the current trade and political tensions in US-Mexico relations, coupled with tariff-related disruptions, are forcing him to consider diversifying into other sectors or simply shutting down his business. Alvarado told Al Jazeera that he would typically employ up to 25 people, but he's had to cut that down to 15 now.