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Tips to Start-up Small Business Entrepreneurs
Isabel Isidro |
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Develop a Product that People Will Want to Pay
Find out what your customers need and want. Watch them. Talk to them. Ask them about their problems, and what types of solutions they think will address those problems.
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Define your Business Model
Think how your business will make money. First identify where you will get the money (your customers) and then how you will get the money (sales, marketing and other strategies).
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Don’t Reinvent the Wheel
You don’t have to invent the idea. McDonald’s did not invent hamburgers and Starbucks did not invent coffee. Instead, they pursued markets that already exist and did everything better.
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Be Unique and “Do Your Thing”
Your business is unique. Clearly define your unique selling proposition to help users see your business apart from your competitors. Identify and concentrate on making the unique aspects of your business as superb as possible.
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