Ex- Dragon's Den panel member and Doug Richard recently held a seminar at the British Library in London for all aspiring entrepreneurs, offering his six top start-up tips.
Here's a very brief summary of the start-up tips he discussed - it's well worth reading the full story because he offers pertinent, relevant advice.
How attractive is my product to my customer? You might think is absolutely wonderful but that's not the point - you need others to think so too or you won't sell anything.
How attractive is the market to me? Do you want to earn a fortune, slave every hour of the day, or carve a lifestyle?
Can I sustain my advantage? What makes you better than your competitors?
- How attractive is my industry? Are you entering an already crowded marketplace?
Do we have the skills and experience? The secret of success is to hire really good people
How connected are we? You need to get out and about and make your presence felt.
Food for thought!
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