Before starting a business, ask yourself a few questions

now, more and more employment pressure, college students is a large group of employment pressure, in the face of increasingly severe employment situation, many people chose to venture. However, before starting a business, you should be aware of these issues!

1, what is your value proposition? If you can’t explain the reason why the customer needs your product in three or less, you have no value proposition, so there is no business. If there is a viable market
2, />

3, your products and competitive products and what’s the difference? Yes, Starbucks makes people believe that they need $4 worth of caffeinated concoctions, Louis Weedon can be fooled people denim material for $1500 to buy handbags. But marketing alone can’t do it all. If you want to win the business, you need to provide other companies do not have tangible value. For example: very low price (WAL-MART), ingenious product design (Apple), great convenience (FedEx). Find your strengths and strengthen them. Whether the

4, with the scale of business between the rich? And the gap between the rich and the scale is small. A large scale enterprise can produce the next component at a very low cost. For example: once the software developed to Microsoft windows operating system code, the incremental cost of each copy is very little. What kind of business model does not need to think about the service industry, the higher the turnover, the more people you need?.

5, what are you going to do to make it happen? You have a family and two children. Are you ready to work 100 hours a week in order to get your business on track, and a reasonable warning is that if you want to start a business, you have to be prepared to pay for it. What is the

6, your strengths? Google has powerful search algorithms; Steinway use wood to create a miracle; CISCO can sniff out promising new technologies, and buy them. Identify your strengths and stick to them. Perhaps this is an obvious idea, but many enthusiastic entrepreneurs have lost their way, especially when the world seems full of possibilities.

Published by admin

Leave a Reply

Your email address will not be published. Required fields are marked *