COPYING Business Ideas

[GetShitDone]

Hey guys, what are your thoughts on copy and pasting business models from overseas markets into your own untapped markets?

(Eg. Rocket Internet is a VC Incubator that creates, funds, and grows companies with proven American business models that they then transplant into overseas markets like Canada, Australia, Asia, etc).

http://knowledge.wharton.upenn.edu/article/can-cloning-businesses-work-ask-rocket-internet/

I've done this with my existing company that I started 2 years ago and let's just say it worked like a charm.

Have any of you ever considered doing this at scale (multiple companies under your management like Rocket Internet above) or doing it even at an individual level for your ideas?

 

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[AgainstAllOdds]

Rocket Internet doesn't really make money:

ETR Income Statement | Entergy Corporation Stock - Yahoo Finance

I think the concept could work, but you have to execute 100%. If you're managing multiple companies in a portfolio, then your ability to execute at that level is a lot more difficult.