Before diving into entrepreneurship, it's important to evaluate key factors that come with running a business. Whether you’re starting a side hustle, these factors will help you avoid costly mistakes.Define Your Business ConceptA strong business starts with a marketable idea. Consider these factors before moving forward: - Is there demand
Many businesses struggle to survive due to poor execution. To increase your chances of success, you need to consider different aspects of running a business. Define Your Business Concept You need to be sure that your business concept is aligned with market demand. Consider these factors before moving forward: - Is there demand for my product or
Launching a business from nothing is no small feat, but with the right steps, it’s absolutely possible.Step 1: Find Your Business Idea Without a clear business idea, your startup might not gain traction. Look at what interests you and where there’s a need in the market. Reflect on the following: - Where can I provide value?- Who is my targe