How does the concept of selling pickaxes apply in 2023?
The concept of selling pickaxes refers to the idea of identifying a booming market and capitalizing on the tools that are needed to succeed in that market. In 2023, this concept can still be relevant as markets continue to evolve and new opportunities arise. Just as during the California Gold Rush, when selling pickaxes was lucrative, today's market could present its own "gold rush" equivalent with emerging technologies, such as artificial intelligence, virtual reality, or renewable energy. Those who can identify these trends and develop or provide the necessary tools, software, or services for others to effectively navigate and thrive in these markets will be well-positioned for success in 2023 and beyond.
This mind map was published on 21 September 2023 and has been viewed 109 times.
