Starting Business! Set Right In First Place

May 12 '19 | 05:00 PM (IST)

Event Information

Confederation of Indian Micro, Small and Medium Enterprises (CIMSME) and Centre of Excellence for Innovation Incubation and Entrepreneurship (CEIIE) is unit of International Council of Technology, Management, and Applied Engineering and a registered corporation in Delaware USA International Council of Technology, Management, and Applied Engineering Inc. Confederation is a national business network of 8,700+ leading entrepreneurs. Founded in recent past by a group of young entrepreneurs, Confederation enables business owners to learn from each other, leading to greater business success and an enriched personal life.

When you look at the stats for first-time business failure, they are truly startling research shows that anywhere from 50-95 percent of start-ups fail within their first 18 months. Probably more startling are some of the reasons for failure.

According to a study by CBS Insights, 95 percent of start-ups fail, and an amazing 42 percent of them failed because there is no market for the product or services, that they have created.

That's right they have created something that nobody is prepared to buy.

When you create a product that no one wants, it doesn't matter how good the quality is, or what the price point is, you are not going to achieve any sales or have any real business success.

It's great that you think your product is going to be the next big thing, but if you're alone in this thinking then you need to think again, or you will fail, and that could be very costly.

Have you thought about what you want to be doing in five years' time? Are you clear about what your main objective at work is at the moment? Do you know what you want to have achieved by the end of today?

Let’s learn how to set it right for the first time while starting your Business?