2 Things to do Before Starting Any Business,
Well I know there are thousands to do before you can start a profitable business but
Get these two wrong and your business will be in the light you don't want in…
And these simple things are what are making businesses collapse before they even start the business…
Knowing these will save you a lot of time and effort…
And these will bring you more money…
I Will tell you these two things in a moment but first, you must know that the simple things are just part of many things you must do….
To run a successful business
There are many other things but these are important and I will explain why now.
✅Know the problem people have and are ready to pay for it.
If you see many businesses failing Day by day it is not that they aren't creating a better product or
They aren't marketing the product as best as they can…
But have they asked themselves if the problem they are solving is the problem people are facing and probably have money to buy their products….
Some people want something but they can't use their money to buy the products because they don't see it as important…
Some will want to solve the problem but don't have money to buy the solution…
And it is your job as a business owner to know which problem people are ready to solve with their money.
Know this and you will save yourself a lot of trial and failure…
Let me give you examples of problems people are ready to solve and spend more money:
People want to lose weight
People want to build houses faster.
People want to retire early
People want to make money without doing much
People want to create a fulfilling life
Etc
There are many things people want to do and are ready to part with their money to buy it…
If you look at the top companies in the world, they are solving a specific problem people are ready to pay money for
If people don't pay for their product will they be the big companies? No Way
Now the next thing you must do to have a profitable business is to
✅ Creating a better and easier solution for it.
When you have already found the problems that people want to solve
There are two pieces of news for you
One is bad and the other one is good
The bad news is that some business people like you would have created the product for it (there are competitors everywhere)
Also, the good news is that you can create a better and easier solution that will help you create another market for your products…
In this case, you have to work harder to come up with the best solution ever …
If you don't come up with a better solution you won't make it to the market because you are dealing with people who have tasted everything…
So your taste must be better if you want to sell to them…
And that's how you can make a market and create a successful product for your business.
The rest of the business will be easy when you understand this…
Now let's recap everything so far
Look at the problems people have and create a better and easier solution for it…
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Stay Profitable