A plausible business idea is crucial to convincing potential financiers, investors or banks. A well-thought-out idea shows that you understand the market and your target group, which increases others’ trust in your project. A sophisticated business plan is often necessary to obtain financing. This includes the strategy, an exact market analysis, financial forecasts and the step-by-step implementation of the project. An innovative solution or service that may not yet be…
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There are some wrong reasons for working at your own risk that are more likely to lead to disappointment. People often develop the idea of self-employment because they are unhappy in their current job. Self-employment should not simply be a way to escape an unpleasant situation, but should be based on a clear vision and passion. The idea of earning a high income in a very short time is rarely…
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