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- Coming up with a great and unique product or service
- Having a strong plan and vision for the business
- Filling your knowledge and skills gap
- Having sufficient capital and cash flow
- Gathering a great business team
- Finding trustful employees
- Effectively marketing and branding your business
- Keeping up with industrial changes and trends
- Managing work-life balance
- GUIDELINES/TIPS
- EXTERNAL RESOURCES/ TOOLS
Keeping up with industrial changes and trends
We live in a constantly evolving society with an ever-changing market. Desires and needs of customers were not the same yesterday as they are today, and it is vital that you follow the evolution of the market in your work.
TIPS
- Be flexible: Be ready to make changes and adapt. Your business will probably not look exactly the way you had envisioned because many things are out of your control.
- Listen carefully to your customers: Your business depends on them, so ask for feedback, talk to customers about what they want and what they need.
- Hire progressive employees: You might not see all the new trends, but your forward-looking employees will. Find ambitious people who share your vision and will secure the future of your company.
- Hire a consultant: If you feel thar your company should go through some changes but do not know where to start and how to go about it, some experts on the topics can you keep up with the times.
