Five Steps to Validating Your Small Business Idea
Statistics gathered from time to time reach the general consensus that something like 90% of all new businesses will fail within fewer than five years. Discouraging, but it reflects the fact that creating a profitable venture is much more challenging than it at first appears. Here are five fast keys to establishing a successful business model.
#1. Developing a sensible economic model.
Remember, that what you’re really charging for is your time. Whether it’s retail or fast food or consulting or creative design - your biggest overhead is the hours on the clock. Read the rest of this entry »
