Chris is a the creator of "Step by Step" newsletter with 400k+ followers.
He is also the founder of Lottie, a marketplace that helps individuals looking for later life care by finding them the best care home or retirement home.
Guest Author: Chris Donnelly
Here’s How To Create A Winning Business Idea:
45% of businesses fail in 5 years (This is how to beat the odds).
I have built three multi million businesses in the last 15 years
So before we dive in…
Here are the most common reasons
why most business ideas fail early on:
– Lack of market need.
– Lack of clarity/vision.
– Paralysing perfectionism.
– Not building strong systems.
– Inability to adapt to the market.
– Not responding to feedback fast enough.
– Creating a business that isn’t a solution to a problem.
In all the businesses I have succeeded in..
Every single one has followed the these principles:
– Have all been from a deep interest.
– Have been backed by research and trends.
– Focus on solving a big problem.
– Have potential to be very profitable.
– Have been validated before.
– Have a strong value proposition.
– Improve with feedback and advice.
– Are constantly adapting to the market.
– Have grown with my personal brand.
A strong business is built on a strong idea
Don’t take this lightly.
Build your perfect business idea today.
Steal this sheet and get started.
My advice: Build and iterate fast.
You’ve got this!
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