Everyone can find brand new things to sell on market. It doesn't always have to be in a form of goods or service, sometimes ideas even worth more. Why is that? Simply because everything in business start from an idea. From the basic of trading for supply and demand concept, to the trading system we are facing these days were based from a tiny idea. And only new ideas, no matter how tiny it is, can develop business world. Here in this post, I'm not going to talk about finding a whole new idea about world trading or stock concepts. Let's start with finding a little idea for beginners like "What kind of business am I going to build?"
As a future business man, of course that question above is the first thing came up in mind. And the winner is the one who can find the best idea for the answer. How is it to find the best answer then?
1) Knowing How Much You Can Invest
It all starts with investment. Of course it's not a bright idea to start a hotel with only $500 in your pocket. To even find the idea of what is the most suitable business for you, first of all you need to know exactly how much do you have to invest. Like the exact sum of your fund or what exactly you have to apply credit request from a Bank.
2) Be Sensitive to Market Demands
It actually applies a simple logic. Of course the stupidest thing is when you supply purple t-shirts when the market demands the red ones. Be sensitive of what your targeted markets want and provide them accordingly. Because once again, you are the business owner, not the customer. The success of your business depends on how satisfied the customers are, not the owners.
3) Do Not Afraid of Losses, Start Now!
The right moment to get started is right after you found the idea. When you already convinced enough of your business prospect according to your early calculation, do not put your action on delay. Even the best ideas of business have risks because that business is all about: locking the risks. I mean, every steps you would take have great possibilities to drag your business to loss for sure, but the fear of that losses is what fail most people even before starting.
The further question is: How do you know that the idea you found is the right one? You can only find the answer at the result of your business. Of course, if you fail then the answer must be "No," But each time you fail, there are a lot you have learned from the failure and that means you are a step farther than where you were.. So no loss at all, right?
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