Tips To Start-Up Small Business Entrepreneur

Tips to Start-up Small Business Entrepreneurs

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.

Develop a Product that People Will Want to Pay

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Define your Business Model

First identify where you will get the money (your customers) and then how you will get the money (sales, marketing and other strategies).

Think how your business will make money.







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.







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.







Give Quality Products at Reasonable Price

Meet client expectations so you can win their loyalty.

However, be careful not to promise the world to your customers in your desire for them to love your product. Promise only what you can reasonably deliver at costs that are acceptable to you.







Keep Realistic Expectations

You’ve heard the statistics that 80 percent of all small businesses fail within five years – yet you think that yours is going to be different.

Don’t forget that making money is hard, period. For some, it even takes up to a month, or worse, even six months before they even get a sale! Be prepared for these eventualities.








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Small Business & Entrepreneurship

Tips To Start-Up Small Business Entrepreneur