fbpx
Connect with us

Entrepreneurship

Nitesh Seth: Fundamental Questions That Every Entrepreneur Must Know

The life of an entrepreneur can be very arduous, with excessive activities, pressure, responsibilities, constant challenges, among other issues. Contrary to what many people think, having a business of your own requires twice as much dedication. With that, fundamental factors of life can be neglected.

In this article entrepreneur, Nitesh Seth shares questions that every entrepreneur must know how to answer five fundamental questions, on which the business project must be based.

1 – What Is Your Business?

It may seem simple, but this is probably the most important definition of all. Above all, your business is something you do or create, that will solve a problem or help people in some way.

2 – What Is Your Business Model?

A little more complex than the first, the answer must translate, in a clear and coherent way, how your business will have a financial return. How will you sell your services or products? Will sales be on the internet, in stores or by catalogue? And the prices? How will the pricing policy for these products be? Are all costs and expenses identified and considered in this policy? In short, what will the financial life of your company be like?

3 – Who Are Your Customers And How Will You Attract Them?

This question appears as a natural consequence of the previous one. When you think about opening your business, it is important to identify where the potential buyers of your solutions are. We live in an era of increasingly sharp market segmentation, and understanding the behaviour, needs and values ​​of your niche is an indispensable component of any business. Only then will you be able to attract them, through Marketing Planning based on statistical data, instead of empirical notions, as, unfortunately, occurs in most cases of failure.

4 – What Makes Your Business Stand Out As Unique Or As The Best?

The easiest question is also the most difficult. Certainly, when he imagined opening his business, this was one of the first reflections. An original idea, know-how superior to the competition, revolutionary technology, in short, there are several scenarios that awaken the entrepreneurial “side” of us all. The answer does not have to be something radical or revolutionary – but it does have to be something tangible and devoid of any personal fascination.

5 – How Do You Think To Grow?

The dream of opening your business is not enough, it is necessary to forecast, anticipate, monitor, dissect the reality of the market to define models of sustained long-term growth. How will your business prepare to grow? How will you meet the sudden and growing demands? How will you lead your team, motivate, delegate tasks and responsibilities, so as not to miss opportunities – and Customers! In short, how will you manage your Business Time?

These five questions are just the basis for a deeper analysis of how to turn a business idea into reality. In our day-to-day lives, we seek to collaborate with entrepreneurs and companies of the most varied segments, sizes and activity time. 

In case if you’ve any questions to ask Nitesh Seth feel free to contact him via his social profile. Facebook and Instagram.

Vasid Qureshi AKA sid is an author, digital marketer & entrepreneur. Who loves technology and blogs about entrepreneurs. Oh his free days, he loves to write and read poetry.

Advertisement Become A Crypto Expert

Join Disrupt Magazine

Become A Crypto Expert
Become A Disrupt Contributor

Most Disruptive

Entrepreneurship5 months ago

Navy Veteran Davis Chris Takes the Music Industry by storm

In life, you need to break down anything that might be holding you back and change course if need be...

Entrepreneurship6 months ago

5 Disruptive Leaders Paving the Way in 2021

Where there is uncertainty, lies a whirlwind of opportunity. 2020 was the year that had entrepreneurs learn a great deal...

Politics1 year ago

Brock Pierce Wants To Disrupt The Two Party System And Be Your Next President

We don’t usually cover politics much here at Disrupt, but when Crypto billionaire and friend of the show, Brock Pierce...

Business1 year ago

John Mcafee – Predictions For The Future

John McAfee is a world-famous tech CEO, computer scientist, civil disobedience activist, privacy advocate, and pioneer of the commercial anti-virus...

Finance1 year ago

Gaby Wall Street – Teaching Latinas to Thrive During The Crisis

It’s no secret we are facing one of the most challenging financial times of the last few decades as we...

Entrepreneurship1 year ago

Tony Delgado – The #1 Entrepreneurship Movement In Puerto Rico

Puerto Rican online market is in constant progress. With many entrepreneurs who are coming here to start a business, it...

Entrepreneurship1 year ago

Elena Cardone – The 10X Ladies Conference Is Declaring 2020 The Decade For Women

The next ten years are meant for women to continue growing their potential and succeeding in multiple areas, including business....

Marketing2 years ago

How Josh Elizetxe Built Snow Into a $40 Million Dollar Business

There is nothing quite like an entrepreneur’s determination when starting a business. That’s my original quote by the way (pun...

Entrepreneurship2 years ago

How Jason Capital Became A Self Made Millionaire By 24

Have you ever wanted to earn the respect of everyone who ever looked down on you at some point in...

Entrepreneurship2 years ago

Sam Bakhtiar On His Way To A Quarter Billion

Dr. Saman Bakhtiar, who prefers being referred as Sam, lives in an 8200 square foot $5.2 million house, Sam is...

Trending

Copyright © 2020 Disrupt ™ Magazine - Disrupt is a Minority Owned Privately Held Company

Disrupt ™ is the voice of Latino entrepreneurs around the world. We are part of a global movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities around the world. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. This Podcast was designed to give them a taste of that.