What lessons can the cryptocurrency industry learn from Harry Sonneborn's approach to business?

3 answers

• Dec 26, 2021 · 3 years ago
  Harry Sonneborn's approach to business can teach the cryptocurrency industry the importance of focusing on profitability. Just like Sonneborn transformed McDonald's by shifting its focus from selling burgers to selling real estate, cryptocurrency companies can prioritize revenue generation and sustainable business models. By diversifying their income streams and creating value-added services, they can ensure long-term success in a highly competitive market.
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• Dec 26, 2021 · 3 years ago
  Cryptocurrency industry players can learn from Harry Sonneborn's emphasis on cost control. Sonneborn famously implemented strict cost-cutting measures at McDonald's, which significantly improved the company's financial performance. Similarly, cryptocurrency companies should carefully manage their expenses, optimize operational efficiency, and avoid unnecessary expenditures. This approach can help them weather market fluctuations and achieve profitability even during challenging times.
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• Dec 26, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I believe that adopting Harry Sonneborn's approach to business can be beneficial. By focusing on profitability and cost control, companies can create a solid foundation for sustainable growth. At BYDFi, we have implemented similar strategies, which have allowed us to thrive in a rapidly evolving market. It's important for cryptocurrency companies to learn from successful business models outside their industry and adapt them to their unique challenges and opportunities.
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