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Many entrepreneurs believe that an incredible business idea is the key to success in business, but some startups with amazing business concepts can also fail.
Planning provides a framework, a sense of direction and helps cope up with future business problems.“By failing to prepare, you are preparing to fail”– Benjamin Franklin, American polymath 2 Blindly Following an Advice In a business, it is most important to get an advice or listen to people’s opinions based on their ceo stories.
It is good to get an advice, but better to think it before following blindly.
Focusing Less on Marketing A few times, marketing is considered as the waste of money, which results in having it at low priority in the list of many entrepreneurs.
As customer is the king of market, market entities are always expected to adapt new technologies.Technology provides new opportunities for a business and helps do operations more efficiently.
Doing everything individually with an expectation of better results may sound perfect, but it can be more time consuming, less creative, and less fruitful.8.
Sachin Dev Duggal Engineer AI is a London-born serial entrepreneur who has experience of building businesses in the UK, US and India.
Currently CEO and founder of Builder.ai, he has also previously founded companies such as Nivio and Shoto.
See what career advice Sachin Dev Duggal gives at IDG connect.