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Feb 21, 2024 · Having an idea is the fun part, but while market demand will seem obvious to you, consider first looking at the problem you are solving instead of the benefits you will provide. Take a deep dive ...
Jul 23, 2020 · Starting a business is not easy, and scaling it is even harder. You may think you’re sitting on a completely original idea, but chances are the same cultural forces that led you to your...
- What's My Objective?
- Will It Make A Profit?
- Is Demand growing?
- Do I Have What It Takes?
- Do I Have The Right Team?
Why do you want to start a business? It seems like a simple question, but if you ask different entrepreneurs you'll get different answers, at least you will if you dig deep enough. Most entrepreneurs will say they want to make the world a better place or make money, but many entrepreneurs use their businesses as a laboratory to experiment and learn...
Too many entrepreneurs ask, "Will it make money?" and perhaps they mean "profit" when they say "money," but it's good to be specific. Almost any business will make money, but a business can't survive, thrive or grow unless it has profits. Will your business idea turn a profit? How much? How fast? If you can't answer those questions, are you sure th...
One hundred years ago, almost every man in the United States owned at least one dress hat, if not several. Men wore them whenever they stepped outside, to work and on dates. Then all the hats disappeared, and today you'd be hard-pressed to walk down a city street and see a single man wearing anything but a ball cap if they're wearing a hat at all. ...
You may have the grit and determinationto be an entrepreneur, but do you have the right experience, skills and drive for the specific business you're thinking of starting? "After my first exit, I looked back at the experience running my first company Bikewagon to see what made me tick, and how I added value," says Dale Majors, who is an investor in...
When a venture capitalistis pitched on an idea, one of the first questions they'll ask is, "Who's on your team, and have they done this before?" A VC's job is to maximize returns and minimize risk, and a team that has been there and done that stands a good chance of being able to do it again. Whether you plan to raise funding or not, it's good to a...
Nov 9, 2022 · Simply put, without customers, there is no business opportunity. You must find out if people would actually be willing to pay for your product idea and determine if there is any demand...
May 8, 2023 · As an entrepreneur, finding the right product to sell can be a daunting task. It's arguably the most important step towards building a successful business, and choosing the wrong product could...
Nov 20, 2023 · Here are 12 key skills every entrepreneur should strive for: Budgeting: All business ideas are limited by budgets. Successful entrepreneurship requires a firm grip on your business’s financial reality, which means learning to manage budgets, analyze financial data, and understand cash flow patterns.
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Dec 4, 2023 · We’ve got you covered with our guide to connect entrepreneurs with their goals. We’ll show you how to become an entrepreneur with advice from five business owners who have turned their ideas into multi-million dollar businesses and opened up even more opportunities.
