Creating a value proposition that investors and customers are likely to buy into isn't easy. Fortunately, you can remove the likelihood of overexerting your emotional reservoir by finding your niche.
First comes the desire to own a business, then comes the process of deciding which business. It is a learning process that requires patience and persistence.
These tips should help you to define exactly what your business offers, how that can serve the needs of your target market and how to build a niche for yourself.
While you should always strive to offer high-quality products and great service to your clients, being the best at something can be harder than being the first to arrive to a new category or niche.
It's not easy for everyone to find an exciting niche that's practical to tap for launching an enterprise or earning a living. Here's how to maintain a healthy perspective.
A little-known member of the Bush family advises finding a business that can make money doing society some good, preferably in niche with little competition.
After a mediocre experience with Craiglist, a French-Californian restaurant posts an ad on PoachedJobs (a job site for food and beverage industries) and achieves stellar results.
Between co-founding Squidoo with Seth Godin, and more recently launching Pack, a social networking site for dog owners, Megan Casey is well-versed in the art of social media. She opens up to YE's Antonio Neves about where she thinks the industry is going and why.