Payment terminals as a business
In this article, we will consider a new business idea - payment terminals as a business. You always want your own business to become profitable right away, right? From this…

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Reduce business expenses - a way to increase profits №5
So, dear undertook, we got to the fifth, last in our list of ways that increase profits in our business. This will reduce costs in your business. Prior to this,…

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List of activities requiring a license (part 3)
38) Activities for the production of copies of audiovisual works, programs for electronic computers, databases and phonograms on any kind of media (except if the specified activity is independently carried…

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Copying a business, or how to capitalize on other people’s ideas (part 1)

Copying a business is a really powerful tool for creating a truly solid business. And let them say that it’s bad, that originality and creativity are valued higher, that copying a business is inefficient, etc. More than 95% of fundamentally new businesses fail. Yes, there will be those who shoot, of course. But their number as a percentage of the number of attempts is negligible. And that is a fact.

Starting a business in a non-existent niche is not a business risk, it is just a hope that maybe you will be lucky. And building a business on one hope is at least unreasonable. There is no way to plan, analyze, make informed decisions. Everything will be based on the same assumptions. And you won’t build a business like that, friends. Yes, maybe lucky. There are chances – true, a maximum of 1%. Want to try it. Good luck By the way, you really need it :-). And then I write for those who have a different attitude to how to start a business.

Copy business
Copying a business is an effective tool for creating your own business

Why is it worth copying someone else’s business?
Copying a business is an old business idea with a new twist. And copying a business has several advantages. The real real benefits. Let’s list them:

When copying, you start a business in an existing market. And even if there is competition, it is much easier than creating a market. That’s for sure. Of course, it’s very good if you manage to find an existing market where demand greatly outweighs supply, that is, competition is low. But there are few such niches, and they usually relate to complex products.
The risk of copying a business is substantially less. Entrepreneurship is a risk, they say. Yes, it makes sense. But this risk is controllable and more or less calculated. And in a completely new market, this is completely wrong. You do not have any information on how the market and audience can react to a fundamentally new product. Maybe the world giants can do this, but not to small and micro businesses. And here we are talking specifically and only about small and micro business, I have written this more than once.
Initial costs are significantly reduced. Breaking through an existing niche, no matter how busy it may be, will cost less than creating demand from scratch.
It works easier and you will have less stress. Still, this is a familiar environment, albeit only by observation. At least that’s why copying a business is better :-). And this is not only a joke – it can really affect your energy and desire to grow your business.
In the market today, the vast majority of successful businesses started as copies, I assure you. I want to emphasize: the uniqueness of a business is not to come up with a completely new product, but to introduce new features into the old, present in a different way, improve some qualities, provide a different service, etc.

Another obvious minus of the “unique business” is the desire to find a unique product. Many potential entrepreneurs never start their own business – they simply get lost in their own searches.

How to make a quotation correctly? (part 2)
Here are some tips for writing a good headline: The title is a question. For example: “How to increase profits by 2 times?” Or “How to bring the site to…

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Factors Affecting Business Development
What factors influence business development strongly and constantly? We are talking about three business factors (or elements that are more convenient for anyone) - attention, reputation and trust. They are…

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How to study the market and why is it needed? (part 2)
5 steps to explore the market 1. Set the goal of market research. Do not just collect information, but decide (or rather, understand) what do you want to know? Why…

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