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. Continue reading