The right start to your own business is to find a promising idea. A good idea is a guarantee of a successful business. Most businesses go bankrupt in the first year just for the reason that they are based on either no idea at all, or the idea has no prospects. 80% of success depends on the idea and another 20% depends on how and by which algorithm it is realized.
The right start of your own business
An analysis of the most expensive companies in the world shows that a promising idea was laid at the heart of each of them on a stratum. In turn, an analysis of failed startups shows that they were based on an idea that initially had no prospects. All this suggests that you should not take on the first idea that you get and start a business on its basis. Continue reading