Research and plan the business foundation before you commit.
Research and plan the business foundation before you commit.
Every successful business starts with some sort of idea. But, obviously, not every idea becomes a successful business. Before you go about investing a significant amount of time and your money, do what smart entrepreneurs do. Smart entrepreneurs validate their concepts using proven methods that they have learned. This methods should reveal whether there are…
This is Part 2 and is a continuation and deeper dive from the first article. It provides further explanation: Why is this important? Because every successful business has one key component: a clear path to revenue. Yet 90% of startups fail in their first year because they confused having a great product with having a…
Every successful business has one key component: a clear path to revenue. Yet 90% of startups fail in their first year because they confused having a great product with having a viable revenue model. You may have the most innovative solution in your market but without a sustainable way to capture value from your customers…