One of the major mistakes that the startups make is that they fail to enlighten

One of the major mistakes that the startups make is

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concepts fit with the varying requirements of their customers. One of the major mistakes that thestartups make is that they fail to enlighten people in understanding the services and products andits importance.What is more, finding a support for your business idea for it to be successful. Sia, Soh,and Weill, (2016), persist that having a business partner assists especially in a situation of thestartups. Further, in most cases the partners act as the support, and provide proof of your idea.Moreover, partnering with other entrepreneurs provides you with knowledge on how to build theidea to a successful business. Starting a business requires that one should form a financialmodel, and effectively plan the first stage. After conducting market research, one is expected tofigure out where there are going to get the funds to start their business (Sia, Soh, & Weill, 2016).There are various sources of funds. First, the peso may get bank loans. In this case, they providetheir details to the bank and apply for the ban loans. Also, family and friend may be source offunds to finance a business. The sources one choose should be consistent and reliable. Notably,the one who starts the business should strategies on how to use the sourced finance (Lidow,2014). Therefore, if the money is well planned for and better strategies are put in place, thebusiness is likely to begin flourish. More importantly, one should stay positive. There is need todo extensive market research so as to know what sells as well as the target market. The business owner should remain committed to the business strategy. A business strategy and plan which build commitment proves to be essential for organizational success. A 3
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BUSINESS IDEA 4completive corporate plan and strategy improve the chances of determining that an organization
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