Industry Analysis through 40 Questions (part 1)
Analysis of the industry is not only an important step in opening your own business, but also an important tool for conducting and developing your own business. Indeed, making an…

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How to make a quotation correctly? (part 1)
Hello, friends! Recently, Entrepreneur-Pro has talked a lot about how and due to what to increase sales, examined how world giants sell goods, and indeed talked a lot about sales.…

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How to study the market and why is it needed? (part 1)
First, let's figure out what a market is. I say again, I write about my concepts, which do not have to correspond to textbooks. Therefore, the market for me is…

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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.

Painting house facades as a business idea
Buildings are almost always high. Stairs, hanging cradles, scaffolding and other smaller appliances are simply necessary for starting a business. And, of course, special paints, electric rollers, compressors. The complexity…

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What a business potential consists of - 10 basic elements
The main components of business potential The main components of a business’s potential are what business depends on the most. As I understand it, and so I talk about it,…

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Mistakes of novice entrepreneurs - 10 most dangerous (part 2)
Mistake # 5: impatience A common mistake of aspiring entrepreneurs is impatience. Business takes time, be patient. If you want to earn a million in the first month, hmmm ...…

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