Insufficient Research
This has been the downfall for so many businesses and it doesn’t matter what niche you’re starting with. I’ve stated this before and will continue to emphasize the importance of research when starting a business. This was a concept outlined by Ajay Neil from HighQ.com. He said it’s easy to confuse a good idea for a good business so emphasize the importance of execution. The major elements that provide you effective execution are:
Research
Forecasting
Accurate Data
If you can go through making sure all of these are in the positive, then you’ll have a high chance of surviving in your industry. Many people have great ideas but the market simply isn’t looking for it so it’s important to conduct your research, no matter what the niche.
Wrong Model
Many people, when starting out, will have the wrong model or concept in mind. Research should be able to provide insight into your success but you need to pay attention to your audience. You have to find out who your audience is, then shift into what type of products they are looking for. Once you determine this, you’ll be able to find the optimal way to deliver your product to them. Many people make this mistake as stated by Jeff Chen, Cofounder & CEO of Joyride…
“One of the biggest mistakes is chasing after the product mechanic rather than the reason for the product. In other words, the model that worked for movies might not work for books.”
Intriguing vs. Compelling
Every business’ bottom line is making money so it’s important you keep this in mind. When you start a business, people are going to have all types of feedback but take it at face value. Don’t get overwhelmed when people give you positive feedback because these people might still not buy your product. It’s important to know the difference between people who are intrigued by your product and compelled. For example,
Many customers will like the concept, but still not see the value in your product. This means they won’t buy it and not invest their money into it. You have to make sure NOT to become pleased too much by positive feedback because your bottom line should be sales. It’s easy to give positive feedback, but not purchase a product, so many people opt to do this instead. You have to know the difference between intriguing and compelling when setting up your business. Your business product or service should be so compelling, people purchased your product. It’s that simple.
Many businesses become overwhelmed by simple positive feedback and fail to understand their bottom line.
Forgetting Your Purpose
It’s so hard for a start-up to lose track of their purpose. When starting out, you had a clear vision of what you wanted to accomplish and how you were going to do this. You’ve performed your research and know EXACTLY what you need to do to create a super buzz. However, with all these things popping up, you lose track of your end goal. One of the biggest mistakes start-ups make in business is losing track of what really matters along the way. Remember, when starting out, you did your research and based success on certain criteria, so moving away from these will harm your business. When you lose track of your end goal, you’re moving away from your bottom line, which can have negative impact on your employees, success, profit, customers, etc.
I know starting a business can be very hectic, but always keep your objective in mind. Try different things like writing it down on your phone or in front of you in large letters to program it into your mind.
订阅:
博文评论 (Atom)
Also Read:
-
Vernee是由中国深圳新英国网络技术有限公司生产的手机品牌。 该品牌成立于2016年2月,标志着New Bund从OEM/ODM转移到公共市场的第一步。 Vernee手机使用Android操作系统。 该公司的定价政策使他们能够将中型硬件放在低端价格上,并附有Android OS...
-
Content URL http://download.cnet.com/Leawo-Video-Converter/3000-2194_4-209074.html http://sfree.ru/Konvertoryi/leawo-video-converter-ultim...
-
Other Possible ways to Fix iPad not Connecting to App Store If you are not too keen to use a third-party software on your iOS device then yo...
-
We all want to create the best content possible, but with more than a BILLION active websites and blogs on the internet today… it’s getti...
-
猿人创新怎么样 性质: 民营公司。 规模: 100-499人。 成立: 7年 (登记时间:2016-04-25) 。 行业: 互联网/电子商务 。 全称: 深圳市猿人创新科技有限公司。 产品: Nooie Cam、Nooie Home等2个。 排名: 深圳人气公司排名第15...
-
作者:昕昕点灯 链接:https://zhuanlan.zhihu.com/p/642336205 来源:知乎 著作权归作者所有。 我接触过的那些谷歌账户经理及建议 我曾经和6位谷歌账户经理对接过,从她们身上获得过一些不错的支持。希望我的经历可以给到你们一些参考。 1、向谷歌...
-
请问在谷歌上做SEO价钱大概多少? 国内代运营很多坑,保证排名的自己留个心眼。非标准化的SEO服务,至少要10万-20万一年,这个是最基础的。标准化服务就不用多少钱,像APL外链,一条300元,文章写作一篇160元起,但问题是你自己要懂得怎么去运用这些标准化服务。而那些标准化...
-
Small but handy! Chuwi RZBOX boasts stomped graphics and God’s price In less than three weeks, we will see interesting news from Chuwi A m...
-
01 为了帮助大家更好的理解牛人和普通人的思维差异,我先提一个小问题。 假设你在一个小县城里面卖米。 在你前面已经有了几十家卖米的店铺,他们每一家都比你大,开的时间比你早,你会怎么办? 其实你的选择很多,比如价格的方面。 —你可以选择降价...
-
The Best TV Remote Apps for Android and iPhone 2023 Here are some of the best TV remote apps for Android and iPhone: • Peel Smart Remote -...
Do you need to increase your credit score?
回复删除Do you intend to upgrade your school grade?
Do you want to hack your cheating spouse Email, whatsapp, Facebook, instagram or any social network?
Do you need any information concerning any database.
Do you need to retrieve deleted files?
Do you need to clear your criminal records or DMV?
Do you want to remove any site or link from any blog?
you should contact this hacker, he is reliable and good at the hack jobs..
contact : cybergoldenhacker at gmail dot com
I can’t say much but with my experience through divorce, I had no one until I met hackingsetting50@gmail.com online then I contacted him, surprisingly he helped me hack into my partner's phone and all his social media platforms and i can now access everything and even documented and printed stuffs to show as evidence , now I’m happy with my kids and working for Riches. I hope this helps anyone in need.
回复删除Thanks.