Hello,I spent one year coding a software that would scan websites and find all broken links. This didn't sell. I could have spent a lot of money in marketing. This would not have solved the problem. I preferred to stop when I saw the lack of interest for my software.I have learned the following lessons:A good idea does not mean that it is a profitable ideaA service or a product that requires a lot of development does not mean it is going to sell.Before starting spend as much time as you can shaping your business model.I d like to talk about business model. I think that I neglected market research and market analysis a lot. I think that if you do market analysis, it can help you to shape your business model better to be successful. Sometimes we start too fast. Today, I think that before starting a business, it is important to spend time in front of your excel, onenote, word, and spend time thinking about the cashflow, pricing, development, workload, HR, monetization, source of income.Now, I think that a profitable company is always right. The services of this company may not be perfect but if it's profitable, it is sustainable. We should get inspired by existing companies that actually make money at a realistic extent. You can start an IT business, have the best cutting edge technology, offer a high quality service, if you don't sell, your business is worth nothing. see hubwealthy.com/wealthy
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