Breeding quails as a business
The other day I received a letter asking why there are no articles with business ideas on our site. Well, because I do not have time to write :). But…

Continue reading →

How to stimulate employees, or about the mistakes of material incentives
What mistakes in motivating employees are considered the most common? We will list a few standard mistakes made by managers and hope that they will help you better understand how…

Continue reading →

How to establish a business (part 2)
2. Which of the processes has the most significant impact on profits in my business? Here, rather, it’s immediately clear, but nonetheless. It’s immediately understandable, because I believe that in…

Continue reading →

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 do a SWOT analysis (part 1)
SWOT analysis is a very important tool for opening, planning and running a business, respectively, and the question “how to do SWOT analysis” is of particular importance in the life…

...

How to recover lost customers or 6 errors that make customers forget about you
One of the most important aspects of doing business is retaining your customers and working with them. Attracting new customers is always more expensive for small businesses than working with…

...

How to recover lost customers or 6 errors that make customers forget about you
One of the most important aspects of doing business is retaining your customers and working with them. Attracting new customers is always more expensive for small businesses than working with…

...