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The Key To Starting A Business That Succeeds
Starting A business That Succeeds
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Hereís the key to starting a business that actually succeeds, most of them donít. Ironically itís to do the opposite of what they teach you in business school. In business school they teach you to innovate. But the reality is that innovation is very risky. Youíre the guinea pig and you donít have deep pockets. If your guess is wrong you lose, big time.
Instead of innovate, replicate. Find a business thatís already successful; a simple business that doesnít cost a lot of money to start and just copy it. Letís say a burrito store, burrito stores are doing great. Find the 5 busiest ones; take the best ideas from of all of them. Open them up in a great location and youíve got an infinitely greater chance of succeeding than somebody who tries to innovate. And thatís the key to being a successful small business person.