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Business strategy
Creating a Business on a Viable Idea
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[QUOTE="Mika, post: 333617, member: 29399"] When you are starting a business, you have two options, one, work on the tested ideas or work on a novel idea. A tested idea means a business idea that a lot of people have used and have turned to be profitable over time. However, as a disadvantage, these ideas are also very competitive. Novel idea means something that is not tested and it is difficult to say whether it would be profitable or not. No matter what kind of idea you work on for your business, you need to understand a solid business plan is also a viable idea. Before starting, research whether the idea is commercially viable or not. You also need to assess your knowledge, skills, and resources required for the business. Once you confirm the feasibility of your business idea, make your business goals and create a path to achieving them. [/QUOTE]
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