Amazon's biggest strength is sometimes its weakness, says CEO who built $1 billion business while competing against Amazon

referring to Amazon founder and CEO Jeff Bezos Joshua Roberts/ReutersChris Terrill, the CEO of ANGI Homeservices which owns Home Advisor and Angie's List has been competing against Amazon for more than three years and thriving. Back in 2014, Amazon did what Amazon does, and launched a completely new business called Amazon Services, a marketplace for finding home and business professionals, directly competing with Angie's List and HomeAdvisor. During that same period, HomeAdvisor was also competing against Amazon, as well as its better known rival Angie's List. Between the years 2010 and 2014, before Amazon entered the market, HomeAdvisor had about 6 million service requests per year, Terrill says. In 2015, after Amazon, service requests increased about 50 percent to nearly 10 million and revenue had grown to $297 million.

Mark Cuban says this is the No. 1 reason people fail in business

Launching your own business can seem glamorous if you focus on success stories like Google or Airbnb. But the truth is that 20 percent of small businesses fail in their first year, and 50 percent fail by their fifth year. According to Dallas Mavericks owner and "Shark Tank" investor Mark Cuban, it all boils down to work ethic. 1 reason people fail is "lack of brains [and] lack of effort.""They don't do the work," he says. When launching a business, explains Cuban, you're guaranteed to face heavy competition and people who know the industry just as well as you do, if not better.

John Cox, California governor candidate, says business background a big boost

as informed in Cox said business executives are best suited to lead states because they bring a bottom-line mind-set to government that career politicians don't. Aside from a business background, one thing the 18 governors on Cox's list have in common is that none is a Democrat. One governor Cox left off his list was Colorado's John Hickenlooper, a Democrat whose approval rating stands at 52 percent. Eight of the governors Cox touts have approval ratings below 50 percent. His is also the only state on Cox's list in which unemployment has risen — it was up to 7.2 percent in May.

collected by :Dicson Walt