Tips for Starting , a New Business .
Lifehack offers readers a step-by-step guide to launching a new business, Here are a few of their top tips:.
1.
Start by thinking of an actual problem that people face in the world.
, Next, figure out how to build a solution.
.
Uber was inspired when founders Travis Kalanick and Garrett Camp were unable to find a taxi on a snowy evening.
.
Uber was inspired when founders Travis Kalanick and Garrett Camp were unable to find a taxi on a snowy evening.
.
2.
Do research and develop an understanding of the current marketplace.
.
Familarize yourself with potential competition and how your concept is different and better.
.
3.
Start small and grow organically, Launching your startup as a side-hustle can be a great way to safely begin building your business.
.
4.
Don't wait.
, The only way to find out if people will like your product is to get it out there in the world.
.
Lifehack points out that if you wait too long, a competitor may swoop in and offer a similar, or even a better, solution.
.
5.
Put your customers first, Listen closely to feedback, suggestions and complaints.
.
Customers can help provide crucial insights about their experience with your business, including what they like and what they would change.
.
Over 1.4 million new startup applications were filed with the government in 2021.
