Connect with us


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.

Join Disrupt Magazine

Become A Disrupt Contributor

Most Disruptive

NFT2 weeks ago

Polly Kole, The Beauty With Gifted Hands Tycoon Of NFT Sculptures

In a society full of stereotypes, people clinging to appearance and disregarding one’s achievements is the magnificent Polly Kole stunning...

gold and black round emblem gold and black round emblem
Cryptocurrency1 month ago

Bitcoin’s Volatility Explained

Since cryptocurrency was introduced in 2009, it has become a very controversial subject for both critics and supporters. One of...

News1 month ago

Spider Man; No Way Home’, Crushes Box Office Estimates Generating A Mammoth $253 Million In North America.

After only 3 days in the cinemas, the latest and last Spidey outing disrupted the international market as the highest-grossing...

Cryptocurrency1 month ago

Nike just bought a virtual shoe company that makes NFTs and sneakers ‘for the metaverse’

Nike, the sportswear mogul, recently stunned the globe as it moved into the realm of the metaverse industry and blockchain...

QR code screenshot QR code screenshot
Diversity in Tech2 months ago

BTC did 62% more in transactions than PayPal this year

MasterCard and Visa have always topped as the runaway leaders; however, Bitcoin’s Lightning Network will soon disrupt this norm. Starting...

high angle photo of person holding turned on smartphone with tall buildings background high angle photo of person holding turned on smartphone with tall buildings background
Social Media2 months ago

How to Organically Grow Your Social Media Following In 2022

Instagram On Instagram, use Reels to reach new audiences and grow – find popular sounds and use them in your...

gold-colored Bitcoin gold-colored Bitcoin
Cryptocurrency2 months ago

Julio Domenech On How Banks Can Engage In Bitcoin in 2022

As cryptocurrency continues to become a popular trend in the US, many people are looking for an opportunity to participate...

Diversity in Tech3 months ago

Microsoft Teams, Incorporating New 3D Avatars And Virtual Meeting Spaces Before Mid 2022

Microsoft Mesh has always led as the future of Microsoft Teams meetings. However, Meta, the newly launched Facebook company, is...

Health + Fitness3 months ago

Stephen Campolo – How A Former Fat Kid Transformed His Body And Is Now Helping Others Do The Same

UPDATE: During a recent interview with Yahoo! News, Stephen revealed that he will be speaking at the next Disrupt Puerto...

News3 months ago

Facebook Goes Meta As It Scales Up Beyond Just Social Media

Thursday 28 September 2021, Mark Zuckerberg, the CEO of Facebook, announced Metaverse, a brand for users to interact in virtual...


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.