Aaron Vick
90% of startups fail because they haven’t done any market research.
The truth is, creating a startup is incredibly difficult—but also rewarding. If you understand how to do market research and how to create a business plan, you’ll have a much higher chance of succeeding.
Even so, those are only two of the components of a successful entrepreneurial endeavor. Read on to find out about the five most important things to do when creating a startup.
1. Create a Written Plan
Creating a startup means you should have a business plan ready.
Before you jump in, remember that there’s a huge difference between a business idea and a business plan. A business plan should include a 12-month budget projection, a marketing plan, and an understanding of customer acquisition costs.
The most successful business plans are written 6-12 months after the initial business idea.
Every business plan should have target measurements or incremental goals. You’ll be able to
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