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Supporting Ideas, Collaboration and Innovation

Business people and entrepreneurs need to be well informed about the current trends and new business ideas that exist in the market to make them successful.
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Three tips on starting your first company from scratch

Every person thinks of owning a company and organization and business corporations, but nobody thinks of starting one. You need to start something for you to have it otherwise you will keep thinking, and you will not have it. Below is how you can start your company.

#1. Research on the market gap

The market gap is what you will create your brand from. You cannot just create a company with the idea that God will provide. Make sure that you have the best name that you can use to start your business. Even the name should be unique leave alone the products because people want to class things. Research and create an excellent brand from the market gap that you will get.

#2. Plan your layout

You need to know where you will be taking the products, who will buy them and who will be producing. Always foster quality goods and profits shall keep on flowing in. Make sure that you make the products of your company outstanding by examining and modifying the ones for your competitors. You are not a monopoly in any business niche nowadays, so you need to know how to overcome the competitions.

#3. Register and market the company

Once you have developed the brand, once you have identified the chain of distribution the next step is for you to ensure that you create awareness for your brand and company. Open websites, Facebook pages, and blogs, write banners and put it on radio or TV channels. Within a small period, you will grow to the highest level you never imagined.

Starting a company needs determination and consistency to ensure that you don’t give up. There are a lot of challenges but through those challenges, you gather experience and courage.

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Four most successful startups of 2016

Some businesses started as a joke, yet they have generated millions of dollars at the moment making them gain attention from the world. Below are some of them.

#1. Product Hunt

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With the increasing number of websites in the world, it is tough to find some things online. This product hunt app was developed to ensure that people can easily get the products by locating them where they are through typing their name on the app search icon. It has an estimated capital of $7 million, and it started in 2013.

#2. DoorDash

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This is a food delivery app that was launched in 2013 by Andy Fang, Stanley Tang, Evan Moore and Tony Xu. It is commonly used to order fast foods from restaurants and to the US and Canadian homes. It is known for its long way development because it started from Stanford Dorm room. It is worth $60 million though many people say it is still small of that net worth. It has partnered with major brands like KFC, 7-Eleven, and Dunking Donuts and this has made it more successful that before.

#3. Boxed

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Boxed is a company that was started to emancipate people from the burden of carrying a lot of luggage when shopping. You can now use the app to buy all things you want, and all the things shall be brought to your doorstep. It is worth $132 million and it has the best reviews for its services.

#4. Luxe Valet

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This is an app that shows you the available parking space near you so that you don’t struggle a lot to get parking for your car. They can even wash your car and change the oil. It has a net worth of $25 million.

These are the startups that people think it was a joke, but now they have made it.

Five common characteristics of great leaders and entrepreneurs

Being an entrepreneur is a very challenging task that is why many people remain to be employed, people. You need to stand firm in every challenge and circumstance that comes your way for you to be a successful entrepreneur.

#1. Deals with facts not assumptions

If you are an entrepreneur, then you need to be real. If something is bad, it is bad, and you need to look for ways to make it safe or find an alternative. People who assume are always afraid and making it in the business field becomes a problem. Be real and face the reality as it is.

#2. Don’t run away from problems, solve them

Shifting from one business to another trying to escape challenges will not help you either will it help your businesses. There are problems in all kinds of business. Just open up your mind and solve all the issues that come forth. Through this, you will have the best firms.

#3. Utilize resources perfectly

Resources are scarce, consider doing the necessary things that are crucial to the business before you embark on the complicated things that will eat a lot of your resources. An entrepreneur focuses more on input that output so they are not extravagant.

#4. Listening ear

Leaders and entrepreneurs listen then they decide on their own. They do not neglect ideas from people, but they make decisions after they have made a choice for themselves. This is what makes them prosper at all times.

#5. Respect Time

Time is money and money comes from business, so if they spare time for the firm, then money keeps flowing in which is the main aim of every entrepreneur.

There are no typical features for an ideal leader or entrepreneur but just know that you need to be wise.