February 23, 2017 Evans on Marketing Careers, Consumers and Their Behavior, Distribution, Product Management, Social and Digital Media business model, competition, customer expectations, infographics, opportunity, planning, StartBloggingOnline, startup, tips 2 Thinking of starting a new business? Can you properly and uniquely address the nine topics that are shown in the infographic below by StartBloggingOnline? TwitterPinterestFacebookSpotifyInstagramLinkedInLike this:Like Loading... Related
2 Replies to “Do You Have a Really Good Concept for a Startup Business?”
It seems we are currently in a time where startups flourish. However, it seems that many skip a few of the steps outlined in the model. Predominantly many startups do not research their industry/niche and do not study competitors. These steps are crucial in the success of a new firm. Without researching the industry/niche the new firm cannot truly capture an area that is not over-saturated. Additionally I find that especially in the clothing industry there are so many new startups that fail because they do not learn from competitors missteps but rather model their business after a potentially failing business.