Business Ideas Value Skew In Business Ideas

moonchild

VIP Contributor
When it comes to building a new business the most important thing is to actually skew the value of an already existing business, it is way easier to build a profitable business this way than creating a new one from scratch, because when a business is already successful you have a confirmed need in the market, you don't need to validate or test your idea anymore.

Value skewing is adding another element to already existing businesses, so think about what Facebook did to MySpace or what TikTok did to SnapChat and you can now reverse engineer that and think of how to apply it to your own business.

Value skew can be as simple as improved customer care or support.or improved branding
 
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