Instant Motivation Hub

Business growth means expanding a firm’s product and services or expanding its target markets, or some combination of each. Business must grow to maintain a high level of competitive advantage over other companies and to increase its reputation. It is has been found through research that more than half of all businesses fail in less than two years of commencement. Those that survived this period hardly grow. Entrepreneurs are expected to create an environment that will fit the growth agenda of the firm by reviewing its policies, structures, procedures and systems.

Before you start making a product for sale in the market, you have to ask yourself this simple question. Does my new product solve a problem in the market? Answering this question properly is a major key to entrepreneurship. This is so because people will be grateful if you solve their problems. From there you will be able to see a clear path to converting the solution to their problems to wealth. This is called opportunity identification.