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- Be innovative and find a market poised for growth. Develop a product or find a solution for an unmet need. It is better to focus on a specific audience rather than to generalize.
- Have a good value proposition that illustrates why your company is the best choice over your competitors, and commit to it.
- Must be flexible with your product and business ideas, small changes can catapult you to success.
- Find ways to be better, faster, or cheaper while maintaining product integrity.
- Having a good business plan will attract investors. Finding an investor with your same vision alignment can take a long time, so be patient.
- Get feedback from your customers and business mentors; they will give important feedback to help your business succeed.
- Don’t underestimate the competition – stay hungry. Anticipate the modifications your competition will make to stay completive.
