Precepts of necessity in a business.

[Deysi16682]

Hello, most of the people fail in the first 5 years because they fail in the precepts of necessity; they do not have a business plan, they do not solve any need, they do not add value.
When starting a business, what should be taken into account?

 

[Kane]

A lot of businesses fail in the first year, those who manage to survive the first year will barely survive. In first years only 10-20 percent of the business will continue to exist. There are a lot of reasons why a business fails. One of the common reasons is the product is not good, another common reason is marketing is not good. The third reason is you have not proved the necessity of your products to your potential customers.