Business is all about 1% Idea and 99% execution. There are many great ideas which have fallen flat due to lack of execution. Many people will say that try to start a business in your interest areas and you will definitely succeed. But according to me, a business is basically finding a solution to a problem, be it your area of interest or not. If it is your area of interest it will be the best case scenario but literally doesn’t matter.
How to succeed in starting a business:
Following are the points which one should have answers so that they can succeed in starting a business-
1. Type of Industry they want to enter
2. How big is the problem they are solving, and does it last long?(is the problem being faced by 1-billion people?
3. Does the solution already exist in the market? If yes, how different is your solution different from them
4. Have you done enough research before biting the bullet?(Reading successful persons stories in your industry just gives you a 20-30% chance but following people those who’ve failed will give you 80-90% chance to succeed as you can learn from their mistakes)
5. In the end how committed are you towards starting is all what matters. Come what may give your 100% success will be all yours!
#DoWhatYourHeartSays
#PK
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