Whatever your experience in the business market, there is no doubt that you have faced and still face many challenges and obstacles that you cannot find a solution for as all entrepreneurs. As you search for solutions to these problems, it may help to rethink the way you run your entrepreneurial project, which may complicate matters further. What are the rules that guarantee you success in entrepreneurship?
1. Get customers first
This rule seems obvious, but it is not - unfortunately - on the ground. In business, if there are no customers, there is no profitability. Therefore, you must ensure that your idea has the opportunity to attract as many customers as possible who have the potential to buy. At first glance, any idea may seem good, but you must first evaluate it and find out how much of the market will use your product or service.
You can find out if the audience is interested in your startup idea simply by taking surveys or making and testing product prototypes. The implementation of the idea does not have to be complete or stylized. But with surveys, you will be able to simply gauge the initial results and the reactions of your target audience. If your idea is a failure, no one will be interested in the models or give their opinion, but if they do, it is very likely that they will be your first customer.
2. Failover
There is no problem if your idea is a failure.. Start over. It may be difficult at first to give up the idea of his project, but if the idea is a complete failure, it is necessary to leave it and find another and test it as soon as possible. Some ideas may be really good, but they are not the right time and place. So all you have to do is put it aside, even if you carry out a large part of it.
Start over... with a new idea. Test it, then implement some prototypes of the product or service, put it on the market, and watch the results, it worked, it never worked again. And sometimes you can start with the same idea by developing and shaping it to suit the market, the important thing is that failure is not an issue for you.
3. Think about profitability from the start
A company that offers a free product or service is a charitable organization, not a commercial company. This means that even if the products and services are in great demand and demand; You will not be able to continue like this. Because profitability does not mean only your personal benefit, and the payment of workers' salaries, but it means ensuring that this value continues to be provided to those who request it from customers and clients. If you are really thinking of benefiting them.
Don't try to raise investments or loans especially at first. This means that you are old enough to lean on others, and it may also mean that your project will not achieve the desired success. The real good project is the one that can rely on itself. It is true that problems will arise, but you were sure that your project is successful and can reap profits.
4. Accept the idea of competition in the world of entrepreneurship
The competition will make you measure the performance of your project with complete realism. There is a competitor whose capabilities are higher than you, there is a competitor whose capabilities are lower, and there is another who is just like you. If you watch them carefully, you will know your place in the market, benefit from avoiding their past mistakes, and increase your motivation to advance your project. Competition will make your startup grow rapidly, without it your project will be floating around alone, not knowing where it is heading.
Take advantage of the competition to monitor performance, and steer the ship in the right direction. You will also learn a lot from them, and maybe one day your company will join your giant competitor.
5. Connect with everyone
Connect with employees, teamwork, customers, competitors and investors, all day, all the time. Your communication with them will make you understand each one of them, the employees want to know their roles, and their next job role. Customers want to know the direction of the company and what are the upcoming products and services and by connecting with customers you will be able to gain their trust permanently. Investors want to be your friend and make sure they count on you.
Your communication with them will give you countless advantages. From understanding the other and what he wants, and the possibility of benefiting from the skills, and the information you obtain.
6. Be meticulous to be a successful entrepreneur
Nobody knows your product or service more than you do. If you want to develop it, be specific about what you ask so that the developer or designer doesn't tell you that you didn't tell them before. Try to give examples for more clarity. Use the same words and terms they use. If you want a new feature in the app, explain it on the paper and review it yourself. Even if I showed it to the developer it was clear and it came out as you wanted.
7. Don't be a greedy entrepreneur
When you price a product or service, if your product is good and cheap; People will buy. You can then offer services or products with new updates and reasonable prices for each update. Upgrading the deal experience will also benefit you with successful products, pricing is one of the things that should be approached with great care. One dollar can change the customer's opinion. Either you are overpricing or you are providing the product at the right price.
8. Use marketing well
If your pricing is appropriate and the audience does not understand that then the problem with marketing, marketing means publishing your name everywhere, awareness of every potential customer of your marketing identity, who you are and what you offer and even why you do this work, and the best marketing is marketing with the reputation of the product, a product whose price is high but its value High will reach you to many customers and target market. Through good marketing and the use of social evidence. Be authentic and honest and your customers will love your company.
9. Ask your clients for advice to get the lead
The best advice you have about what you are using is the one who uses it. Try to listen to everything they have to say about your products and services. Their opinions are either potential updates or defects that you can avoid in future releases. The more you listen, the more you know exactly what the market needs. Customer advice is the best way to decide the next step. regarding a product, but remember that it is not necessary to implement every tip.
10. Take advantage of ease of implementation
If you have an idea worth implementing, take the initiative and implement it, everything you need now is available at competitive prices. Use the microservices from Fiverr as a quick solution to implement. By choosing the service you need to start your entrepreneurial project, do not stop at the idea and let others implement it and profit from it. Take advantage of the possibilities of our time and speed up the implementation, as everything you want can be accessed through this browser.
The ten rules may work with you and not work with others. If you implement a rule from them, tell us its results with you. If you violate a rule from them, tell us what effect this has on your startup and your company.
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