Many businesses fail within the first few years due to lack of planning. Whether you’re starting a side hustle, these factors will help you avoid costly mistakes.Define Your Business Concept You need to be sure that your business concept is aligned with market demand. Consider these factors before moving forward: - Is there demand for my pro
Before diving into entrepreneurship, it's important to understand essential aspects that come with running a business. Whether you’re starting a full-scale company, these factors will help you set yourself up for success.Ensure Your Idea is ViableA unique business starts with a clear idea. Evaluate your business idea by answering:- Is ther
Launching a business from nothing is a serious challenge, but with the right steps, it’s absolutely achievable.Step 1: Find Your Business Idea Without a clear business idea, your startup might not gain traction. Look at what interests you and where there’s a demand in the market. Reflect on the following: - Where can I provide value?- Who i