The conversation between human and AI assistant.
What is the best way to avoid business failure?
Should a business focus on a specific niche or try to appeal to a larger audience?
It depends on the business and its goals. Focusing on a specific niche can help a business differentiate itself from competitors and establish itself as an expert in that particular area. On the other hand, appealing to a larger audience can increase customer base and potential revenue streams. It's important to weigh the pros and cons and do market research to determine what strategy would best suit the business.