How To Start A New Business Five Major Hints
1-What is the main mistake committed by many entrepreneurs when starting a new business?
Every new entrepreneur dream of launching a new product that is a total novelty, a boldness of thought and a fruit of his intelligence and creativity. He knows many stories of entrepreneurs who got rich with a new good idea. However, they forget that most of new companies die in their first year of life and the number of failures is much higher than the number of success. Do not start a new company to show your creativity. Save your money and avoid frustration.
2-How to choose the right type of business?
Recommendation # 1
Copy what other successful companies are doing until you know the market quite well. Summary:
-Do not innovate at the very beginning of the company.
-Never offer new products at the start.
-Advertise the same way your most successful competition.
-Sell successful products or start business similar to already successful business.
-Use the same advertising media as the most successful companies are using.
-If you try to sell a product that few companies...
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