How to Build a Platform Business: 3 Design Fundamentals

A businessman standing on a tall building, wondering how to build a platform business.

How do you build a platform business? What type of participants are important for platforms? Platform business models are game-changers, and you might be inspired to start your own platform business. Geoffrey G. Parker, Marshall W. Van Alstyne, and Sangeet Paul Choudary cover three design fundamentals to consider as you get started. Below we’ll look at how to build a platform business using the three design fundamentals.

The 2 Types of Business Participants to Attract to Your Company

Business participants in a lecture with whiteboards.

What type of participants do you want for your business? How do you attract users? As you design your platform, you must make choices about which participants you want to invite to your platform and what they’ll be allowed to do. Geoffrey G. Parker, Marshall W. Van Alstyne, and Sangeet Paul Choudary primarily focus on two types of participants: users and external developers. Keep reading to learn how to get users and external developers to use your platform.

7 Ways to Invest Your Tax Refund Money Wisely

Coins being planted in soil with plants growing from them, visual for ways to invest tax refund money

What are some smart ways to invest your tax refund? Can investing your tax refund help you get ahead financially? If you invest tax refund funds wisely, such as by paying off high-interest debt, contributing to retirement accounts, or building an emergency fund, you can supercharge your financial stability. With effective management, this “unexpected” income can transform into a powerful tool to expedite your journey to financial freedom and make your hard-earned money work even harder. Dive deeper into how your tax refund can work significantly harder for you and steer you faster toward financial freedom.

The US Online Sports Betting Industry Is on the Rise

A man at an online sports betting center highlighting the growing industry

What’s propelled the overwhelming growth of the US online sports betting industry? What risks stem from the sector’s largely unchecked expansion? How will sports betting evolve? The US online sports betting industry, now legal in 38 states, has grown exponentially in recent years due to increased digital accessibility and changing societal norms. Critics say the sector’s unchecked growth is fueling Americans’ gambling problem and increasing the potential for money laundering. Below, we’ll look at the rise of online sports betting and the dangers that come with it.