Welcome to Business Development Series of Bash4Cash.
Who is a start-up? A start-up is an individual or corporation who is set out to launch and test run a new business idea in the market place. Most often, the start-up individual or organisation is green in the area of the new found ventures. Starting -up is mostly born out vision and need for self dependency. An individual that start-up a new venture or business is generally called entrepreneurs.
An entrepreneurs is a visionary person with gut and determinations to develop, introduce, innovate or create a new idea and bring it to fruition. However, in the cause of implementation or execution of the business ideas, the entrepreneurs will face some challenges that are natural to a new enterprise. The willingness and ability of the entrepreneur to remain dogged and progressively seek for corrective solutions is what bring about a successful business after series of failures.
What is a business? A business is an outfit that is set for a primary objective of exchanging values for (cash) reward. The potentiality of the values proposition of the entrepreneurs or of the enterprise is basically determined by the consumer/customers whose needs are being met by the solutions (values) purchased.
How do you evaluate and validate your proposed values as an entrepreneurs?
1. Ask yourself if there is need for the product or service proposed.
2. Research if there is an existing supply of the same product or service.
3. Why would anyone buy yours not your competitors?
To be continued...
Who is a start-up? A start-up is an individual or corporation who is set out to launch and test run a new business idea in the market place. Most often, the start-up individual or organisation is green in the area of the new found ventures. Starting -up is mostly born out vision and need for self dependency. An individual that start-up a new venture or business is generally called entrepreneurs.
An entrepreneurs is a visionary person with gut and determinations to develop, introduce, innovate or create a new idea and bring it to fruition. However, in the cause of implementation or execution of the business ideas, the entrepreneurs will face some challenges that are natural to a new enterprise. The willingness and ability of the entrepreneur to remain dogged and progressively seek for corrective solutions is what bring about a successful business after series of failures.
What is a business? A business is an outfit that is set for a primary objective of exchanging values for (cash) reward. The potentiality of the values proposition of the entrepreneurs or of the enterprise is basically determined by the consumer/customers whose needs are being met by the solutions (values) purchased.
How do you evaluate and validate your proposed values as an entrepreneurs?
1. Ask yourself if there is need for the product or service proposed.
2. Research if there is an existing supply of the same product or service.
3. Why would anyone buy yours not your competitors?
To be continued...
No comments:
Post a Comment