ENTREPRENEUR GUIDE
'What It Takes' is a simple desire to create a successful business of your own. That desire is your ticket to the whole entrepreneur's journey. As long as you have it, there is no limit to how far you can go. Just remember it's a journey that will take you away from normal, everyday life.
It begins with a decision. The start-up journey, like every journey, begins with the decision to begin. Once you have decided, for whatever reasons, that you want to start your own business, you are at point A-- a stage that is potentially life-changing. The biggest asset you begin with is yourself. This includes:
- Your strength- what you are good at.
- Your passion- what you love doing.
- Your money-making abilities- what you can do that will produce income.
- Your purpose- what you dream of accomplishing in life.
Getting clear on who you are, while looking at the needs and options that exist in the marketplace. You really need to put together a team, the start-up team consists of you, your mentor and usually one or two co-founders. When your business is primed to lift off like a rocket from a launching pad -- you are reached to point B, launch. Your business capable of building and sustaining momentum, clearly aimed and targeted with 'all system go'.
The key parameters you need to know clearly as follows:
- Target segment-- Who would be interested in buying your product or service?
- Reach-- How do you reach the people in your target segment?
- Problem-- What is Their problem or need that you're going to address?
- Solution-- What is your solution to the problem?
- Approach-- How do you convert your target segment into paying customers?
- Price/cost-- What is your customer willing to pay and how much does it cost for you to deliver the solution?
There is an advantage to starting from your strengths, passion instead of a cool new product or service there are very few chances for you to get succeeded. Don't play it safe but also don't act like a fool. Do some market research, find something trending things and anything that is ruling the market for a long time. Expand your idea, reach out to customers to get their reviews, it's also helping you to test your product. Spend a small amount of money ( average 100$) is enough for a lunch to take your business on a high platform.
A great new idea is always better but if you have no knowledge of how your idea will work. how to implement it, how it will help others then you are none less than a foolish person traveling nowhere. A smart step is always better than a ton of foolish steps.
I highly recommend focussing on your strength because strength is like math, passion is like teaching, the money-making ability is like teaching math to the students and the purpose is to urgently make enough money to support your family. Without urgency, you will take it as no serious work and if you don't want something bad enough then nothing will work for you.
-Gaurav
Startup, A Simple Guide For Entrepreneur, entrepreneur, startup ideas, starting a business.
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