When you are planning to start a company with a minimum investment and gradually grow up to give a good revenue that is the legitimate process to establish a business. No business becomes rich instantly.
Meet The Customers
There are different reasons behind starting a company. To keep the company for long and serve the customers, it is better to be towards the true side. Every entrepreneur should get to the core for getting the value to their customers, as value is the truth behind success. Getting the data on the needs of the customer will give real meaning to the value.
When a new business is launched it is better to talk to a few customers who require the same product or service. Getting feedback from the customers is very important. If the customers are asked to buy the product or take the service then their real opinion comes out which is very valuable. Many entrepreneurs have given so much advertisement to the product but when the audience is asked to buy, there is some hesitation.
Get Real Feedbacks
When the audience hesitates then if questioned then they may tell that their company is not much interested in buying that particular product or they may ask for more people who are already buying the product. Some may tell that they do not have cash also for buy. The main thing executed is the real value that the audience is giving for the product or service. When money is asked then there is a lot of hesitation from the people.
Fail Before Good Success
Trial and error is the way to success. It is always better to get failure rather than succeed fast and then fail. Speedy success may lead to failure.