Define The Concept Of Business Plan

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The desire to push the boundaries has been a motivator in many a daring expedition, testing the human spirit and physical abilities to the utmost.

Indulge your adventurous spirit by exploring some associated ‘extreme’ vocabulary.

In the end, though, you aren’t creating anything new by taking this approach.

These are the typical ways people approach new ventures.

The same folks often say they will make it succeed through “hard work and perseverance”.

I love the dedication, but if that were all it took to make a company grow and sustain profitability, we wouldn’t see over half of businesses fail within five years.

But there is something else that matters even more than the above.

Any successful business concept must fill a real need that is positioned to continue into the future without the business concept in place to provide relief.

I must say, there is potential to make this work, but the barriers to entry are higher than with wholesale new ideas that add value.

Still, if you can’t figure out your own business concept, it may make sense to piggyback on something that another company already vetted out.


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