7 Business Filters before starting your startup
Everyone as a human runs behind the business and money in this Digital – Automation world. I mean that the business is like a job for someone and a passion for the other one, but its all about happening today with the ease of Information technology. Most of us, not just hating the present job, it’s just like to starting a business is a fashionable way.
So, can we quickly jump into the pond of business world ?
Being an Entrepreneur is not a easy word to pass, it’s a lot of ability or work to build the trusts, relationships, feedback or emotional. To continue this great journey, we need to filter with the way before starting our Business / Startup.
7 – Seven Business Filters before starting your startup:
- Choose a Effort based business. So, we have a confident to push on failure times.
- Build your startup with a low capital or investment and it should be ideal.
- Get Innovative, but it should be reach to the consumers. Make it anything as innovate and beware whether it is the purpose for the users or public.
- Startup should be a scalable business, if you need a long term relationship with your business. Keep in mind that your business is not just a short term goal.
- Take a profit with high margin on your business. In the Initial stage of your startup, the best of the profits will help you in the worst stage to getting up.
- Be an Entrepreneur, you have to create a good and high value for your business. If you want to sell your business to someone, it needs a value creation for the bidding !
- Are you running a offline business, do you know about the effect of online platforms ? Consider the competition of online business today. Automation also requires in this new era of business.
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These are the above seven filters will help you to analyse, before starting a business on any kind. The 7 Business filters are the themes, predominantly recommended by the CEO of Cavinkare, Mr. C.K. Ranganathan, which he spelt in a business conclave.
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