Starting a business
All businesses however big they may be today, start small . During an economic boom, as paper money is generated in the stock market, it is often fashionable to start a business. If the founders of the business are good at marketing their idea, they may get funding and be able to over hype their idea in the market.
However, for a business to succeed in the long term it should:
- Fulfill a need in the marketplace
- There should be sufficient demand for the product or service
- It should be economically feasible.
- There should not be much competition