🙋 How to test the suitability of an idea for a business?

1️⃣. Formulate the problem you want to solve
Congestion can be solved by developing public transport, building new roads, or changing working hours to avoid rush hour. The problem of poor project management - new software or educational project for managers, etc.

2️⃣. Get to know your audience
The product will be used by specific people: teachers, developers, builders, managers, analysts or manicurists. Your solution should help them meet their challenges and meet their needs.

3️⃣. Study the competition
Direct are other products and services that solve the same problem. Indirect - those that claim the same resource, but offer different solutions. For example, for an educational platform, the direct competitor is another educational platform, and the indirect competitor is Netflix, which also wants to occupy the user's free time.

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• Anticipation is the enemy of patience.

• Perfection is the enemy of progress.

• Comparison is the enemy of joy.

• Jealousy is the enemy of inspiration.

• Comfort is the enemy of growth.

• Naivety is the enemy of conviction.

• Resilience is the enemy of failure.

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⭐️ Don't Just do these things, try to do opposites of them

Don't just learn, experience it .
Don't just read, absorb.
Don't just change, transform.
Don't just relate, advocate.
Don't just promise, prove.
Don't just criticize, encourage.
Don't just think, ponder.
Don't just take, give.
Don't just see, feel.
Don’t just dream, do.
Don't just hear, listen.
Don't just talk, act.
Don't just tell, show.
Don't just exist, live

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5 steps to self-care:

1. Trust your instincts
2. Don’t be afraid to say no
3. Say exactly what you mean
4. Let go of what you can't control
5. If it feels wrong don't do it

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Business idea: Children's Hair Salon

Narrowing the client base is offset by a lower level of competition. 🧑‍🤝‍🧑💇‍♂️

Naturally, the location for an establishment serving children should be chosen where there are especially many of them. This could be a densely populated residential area or the city center. 🏡🌆

It should be taken into account that only high-class specialists can provide quality work. Therefore, a careful selection of staff is necessary. 👩‍🦰✂️

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1️⃣5️⃣ tips on how to start a business without start-up capital: 🗓

1. Find a partner who will invest money.

2. Agree with partners on a percentage of profits.

3. Start with small deals.

4. Find an investor or business angel.

5. In any case, you always pay - with labor, time, intelligence.

6. The best businesses always start without investment.

7. Consult with someone who started from scratch.

8. Many businessmen started a business by borrowing small amounts from relatives.

9. Don't chase big profits right away.

10. Do not register a legal entity ahead of time.

11. Take the goods for sale.

12. Don't even think about taking out a loan.

13. Do not be shy to negotiate with people.

14. A business that starts from scratch grows many times faster.

15. Any business can be started from scratch.

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Ways to become the best in your business💼

✔️Be better today than you were yesterday.
✔️ Do what inspires you.
✔️Pay 10% of your attention to the problem you are facing and 90% to solving it.
✔️Do your job at the highest level.
✔️Praise others, especially in those moments when others want praise.
✔️Practice your craft daily to become a virtuoso.
✔️Work hard and don't make excuses.
✔️Learn to get up quickly after falling.
✔️Keep the promises you make to others and to yourself.
✔️Show nobility, especially in difficult moments.
✔️Always try to exceed expectations.
✔️Take time every day to restore your physical and mental strength.

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CHECKLIST FOR STARTING A BUSINESS

NAME IDEAS

TARGET AUDIENCE

PLANNING

Create a business plan
Choose a name Research supplies Estimate startup cost
Estimate manufacturing cost Research competition Set realistic goals
Research pricing for item
research local markets

MARKETING


Buy domain name
Create a website
Create a business email
Create a social media account
Create mail list
Create email signature
Create business cards
Photograph sample products
Apply to local market and events

BUSINESS

Choose legal structure Register business name Obtain EIN(US) or BN(CAN) Obtain licenses and permits Set up accounting system BUSINESS
Designate a work place Order supplies
Create sample products Create an inventory list Create a pricing list

BUSINESS

Choose brand color Design logo
Create a tag-line
Order business cards design products packaging

BUSINESS

Open business banking account Create a PayPal account
Create order management system Purchase mobile POS system

BUSINESS

Sign up for Google analytics
Sign up for Google search console Sign up for Tailwind

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🟫 I noticed such a thing, a poor person has no understanding of what resources are.

The poor man thinks:
“Yes, I have nothing. I have no money"

In fact, any person, even the poor, especially the young and poor, has:

• The most important resource called “Energy”

• The second main resource called “Time”

• The third resource is “Knowledge”

• The fourth resource is money and the rest. Money comes last!

That is, you have a bunch of resources that you can convert into each other.

All resources are converted into each other!

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Do it right!

🔠Google was the 12th search engine

🔠The iPad was the 12th tablet

🔠Facebook was the 10th social network

🔠Tesla is not the first to produce an electric car

It's not about who gets there first. It all depends on who gets it right when the market is ready.

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what is e-commerce business:

E-commerce business is a type of business that sells products or services online. E-commerce business can use various platforms and channels to reach and serve customers, such as websites, mobile apps, social media, or marketplaces. E-commerce business can also offer various benefits, such as convenience, speed, variety, and personalization.

E-commerce business can be classified into different models, depending on the parties involved in the transactions. Some of the common models are:

Business-to-consumer (B2C): This model involves selling products or services from a business to an individual consumer.

° Business-to-business (B2B): This model involves selling products or services from one business to another business.

°Consumer-to-consumer (C2C): This model involves selling products or services from one consumer to another consumer.

° Consumer-to-business (C2B): This model involves selling products or services from a consumer to a business.

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“Promise Yourself

To be so strong that nothing can disturb your peace of mind.

To talk health, happiness, and prosperity to every person you meet.

To make all your friends feel that there is something in them

To look at the sunny side of everything and make your optimism come true.

To think only the best, to work only for the best, and to expect only the best.

To be just as enthusiastic about the success of others as you are about your own.

To forget the mistakes of the past and press on to the greater achievements of the future.

To wear a cheerful countenance at all times and give every living creature you meet a smile.

To give so much time to the improvement of yourself that you have no time to criticize others.

To be too large for worry, too noble for anger, too strong for fear, and too happy to permit the presence of trouble.

To think well of yourself and to proclaim this fact to the world, not in loud words but great deeds.

To live in faith that the whole world is on your side so long as you are true to the best that is in you.” (Christian D. Larson)

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10 KEY LESSONS FROM THE BOOK "MAKE YOUR LUCK' BY BOB MIGLANI AND REHAN YAR KHAN

"Make Your Own Luck" is a book that focuses on the principles and strategies for creating success and achieving your goals.

1. Take responsibility for your own life: The book emphasizes the importance of taking ownership of your actions and decisions. Instead of relying on luck or external factors, understand that you have the power to shape your own destiny.

2. Set clear goals: Define what you want to achieve and create a roadmap to get there. Setting clear, specific, and achievable goals helps you stay focused and motivated.

3. Develop a positive mindset: Cultivate a positive attitude and believe in your abilities. A positive mindset enables you to overcome obstacles, embrace challenges, and see opportunities where others might see setbacks.

4. Embrace failure as a learning opportunity: Failure is a natural part of the journey towards success. Learn from your mistakes, adapt, and keep moving forward. Use failure as a stepping stone to grow and improve.

5. Take calculated risks: Success often requires taking risks. Assess the potential rewards and consequences before making decisions, but don't be afraid to step out of your comfort zone and seize opportunities.

6. Network and build relationships: Surround yourself with like-minded individuals who can support and inspire you. Build a strong network of connections that can provide guidance, mentorship, and opportunities.

7. Be proactive and take action: Luck favors those who take action. Don't wait for opportunities to come to you; actively seek them out and be proactive in pursuing your goals.

8. Persistence is key: Success rarely happens overnight. Stay committed to your goals, persevere through challenges, and keep pushing forward. Consistent effort and determination will eventually pay off.

9. Continuously learn and adapt: Stay curious and never stop learning. Embrace new knowledge, skills, and experiences that can help you grow personally and professionally. Adapt to changing circumstances and be open to new opportunities.

10. Celebrate your achievements: Acknowledge and celebrate your successes along the way. Recognize your progress and use it as motivation to keep striving for more.

Remember, luck is not something that happens by chance. By applying these principles and strategies from "Make Your Own Luck," you can create your own opportunities and increase your chances of success.

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⑉⑉⑉⑉⑉⑉⑉⑉⑉⑉༄༄༄⑉⑉⑉⑉⑉⑉⑉⑉⑉⑉

5 SIMPLE STEPS TO BECOME MORE CONFIDENT:

1. Focus on improving yourself instead of comparing with others

2. Set small goals for yourself every day and record your achievements

3. Think positive

4. Take a daily step outside your comfort zone

5. Start each day with gratitude

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THE FOUR THIEVES OF PRODUCTIVITY

1. Inability to Say "No"
2. Fear of Chaos
3. Poor Health Habits
4. Environment Doesn't Support Your Goals

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A child can teach an adult 3 things:

1 To be happy for no reason,

2 To always be busy with

something,

and

3 To know how to demand

with all his might that which

he desires.

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