Tell me, who is there who loves to fail? You cannot find people on earth who do not want to start a successful business by themselves. Everyone wants to be successful in some way. But no one wants this success. You need to act as if it comes to you on your own.
According to a survey, nine out of every ten Biz fail to startup. That means 90 percent of the Biz fails and the remaining 10 percent is successful. Think you’re starting a new business today.
So do you think this business is a failure of 90%?
If you really thought so, you would never start a business like this. However, that is the fact that 9 out of every 10 Business Ideas fail. Of course there are logical reasons behind this. In today’s blog, I will share with you the tips and tricks on how to get your Biz started out of those causes and failures.
Start the work with your own love:
Suddenly you come up with an idea and you think you can earn a lot of money by applying that idea. That’s why you’re starting to work on Idea. That’s the startup’s biggest mistake.
Business and love are the same thing. If you want to judge the profit loss before starting both, it does not last long.
The first of the two friends started the Biz of electronics at the end of electrical engineering. The first friend originally started this business to make his dream come true, which he dreamed would eventually become an electronics company. Just five years later, the first friend successfully set up his biz.
He started this biz five years after seeing his second friend.
The second friend was forced to get no job and started a business with money greed. His dream was to finish his engineering and get a job or earn a living. Basically he has no love for this biz. It is only by seeing the success of others that it has started to greed itself. As a result, he lost his capital after some time. That means the biz has failed.
Sometimes love can be a minor problem if you love someone.
That’s why even when you go to business, there will be many obstacles. In order to maintain love, such problems have to be solved by accepting the same, in the same way, in the biz, you have to overcome all the obstacles. That is why it is important to look at profitability before starting a biz, and it is important to see how much you love the work.
Are you meeting the demand of the same amount of money?
90% of us startups start a business with products that cannot meet their customers’ needs. That’s why we have nine failures in every ten businesses.
Why would a customer purchase your product?
You must ask yourself this question for the product before selecting the product. If the answer to this question comes right from you, you can select the product. Because a customer will take the product from you when it is sufficient in all aspects to meet its demand.
Whether the idea can be improved by changing:
This is very important for your business to grow in the future. If change is not possible, you will never be able to add new and improved values to your business. When Facebook debuted in 2003, they were given the opportunity to play a game with pictures of two people, known as Facebook. Originally the name of Facebook was Facebook. Now they have games as well as many new services that have helped them improve their ideas.
Just like every successful biz has the conditions it will change over time. Then a business can survive for a long time and become known as a successful biz.
Management is the brain of the business:
If there is a problem with our brain, we cannot do anything right. Because the brain handles every part of our body. Right management is the brain of a business. If business management is not right, then the business objectives will not be achieved. Therefore, for the successful management of the business, the importance of management is different.
Marketing for Business Sustainability is the oxygen of the biz:
Many experts believe that the role of marketing is paramount for the success of Apple, our favorite and successful company. Because Sir Steve Jobs, the founder of Apple, was a marketing expert. Apple spends about $12 billion a year on marketing. Now you need to determine how much you spend on marketing your biz. But it must be right.
This is not the beginning of marketing. Marketing must be done to the target buyers. Otherwise you will be able to spend on marketing but will not get the right output.
If you would like to know more about this, I would ask you to purchase two books. The first is “The $ 100 Startup” and the second is “The Learn Startup.” You can purchase the book by clicking on the book’s name.