There are several lessons that business owners throughout history have already learned for you.
Why would anyone readily agree to learn these lessons the hard way?
1. Niche Selection: Pick One You Actually Understand
Like Tony Robbins has famously said many times “find something that gets you outta bed early and keeps you up late at night.”
That’s the first step. You also need to have intimate knowledge of your chosen niche industry – the products that sell, positives and negatives that will affect a successful operation, and most important: the types of customers you’ll be serving.
Even venture capitalists who make a dozen deals a week still make sure they know the industry they’re investing in, or have a trustworthy expert at their side advising them on the nuances of the business.…Continue reading