Protect your monopoly by looking to the future
Establishing your monopoly is only half the battle. You need to be ready to endure the long run rather than getting caught up in a rush to grow at the start. This is a mistake that many entrepreneurs make, and the result is someone else swooping into your market and overtaking your success. What should be most important to you is the growth and profit you will make in the future, and there are four things you need to stay on the right track: branding, proprietary technology, economies of scale, and network effects.