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Business Tip: Find a mentor. Talk to people you know with experience of what you’re planning to do. Find someone to offer you support and advice along the way.
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Business Tip: Write a business plan. If you’re not sure how, ask someone with a lot of business experience. A solid business plan will guide you going forward.
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Business Tip: Market research allows you to understand the competition. What similar products and services are out there already? How will yours be different?
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Business Tip: Talk to people within your intended market demographic and get an idea of how they would react to your product or service.
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Business Tip: Identify your market. Researching the market that you are thinking of entering is essential to determine if you are on the right track.
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Business Tip: Get inspired. Read the start-up stories of successful businesses on websites, in books, or at events for people starting a business.
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Business Tip: Find an accountability partner and have a weekly meeting. This is someone who isn’t afraid to be honest with you and tells it like it is.
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Business Tip: It’s important to persevere. Forget about any past mistakes and failures, and just focus on how you can be successful in the here and now.
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Business Tip: Don’t try to start a business in a field in which you have no experience. First, gain some experience so that you are better prepared.
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Business Tip: Whether you like it or not, investors have a say in your company. Listen to their advice or suggestions even if you decide not to use it.