Peter Decaprio – Ten Commandments for Entrepreneurs to Follow If They Want Successful Start-ups
Starting a business is hard. Those who do not follow the rules often fail and either close down or sell out to larger corporations says Peter Decaprio. Some entrepreneurs attempt to launch their business amidst difficult economic environments, where it’s even harder to succeed. However, there are some basic principles every new entrepreneur should follow if they want to be successful. Never invent something completely new if you can use an already available idea and improve it through innovation. 1) Innovate using proven concepts. For example, Uber did not invent anything new but implemented general statements such as online payments, GPS locations for rides, and mobile phones; these were already standard technologies they used in their unique way, making them leaders in the transportation industry. 2) Make sure the market needs your product. It’s not only enough to think you have a good idea; once it’s launched, customers should be… Read More »Peter Decaprio – Ten Commandments for Entrepreneurs to Follow If They Want Successful Start-ups