Monday, January 11, 2016

Entrepreneurship Explained Very Simply


What do true entrepreneurs do? They bring valuable innovations to the market.

Innovation is about making things better.

If you want to be an entrepreneur, a good exercise is to always ask yourself, “Can this be done better?”

When you find something that can be improved upon, and sold to people, you have one important hurdle.

You need to test it out.

That is to say, you need to prove there is demand for your concept. Some might call this a “Pilot.”

Get out there and see if people are willing to pay for what it is you have to offer.

If enough people are volunteering to buy what you've got, then it is all about distributing (selling) your product as quickly as possible.

Easy in theory. Difficult in practice.

Good luck!