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In the initial stages ideas are always raw and limited. They are changed altered and made new in the process of idea refinement. After shaping these ideas innovators look for new opportunities to commercialize their inventions.
Every innovation whatsoever, take time to generate results and create an impact. Innovations can be small or big, powerful or impactful, less resource consuming or huge time consuming. The concept of Innovation is yet to be demystified completely. Innovation is basically change from the exiting and bringing of new.
Start-up is basically a type of business process which starts by starting a company. Start-ups are powerful ideas of students, young generation, and anyone who wants to try a new risky market condition. While startup is based on ideas it is difficult to create a major breakthrough without risk and finance. When both the conditions are met entrepreneurs start working.
Research and data reiterate that more than 95 percent of these startups fail in next 3-4 years’ time. There can be multiple reasons for that. Most of these ideas are entrepreneur centric which makes them unfit for market. Some of these ideas may be incomplete to launch. Some of them can be ahead of time or late.
So, after the ideas are complete and product is ready, a start-up can be launched. Now is the time to start bringing in customers, employees, changes, and many more. For next few months things keep changing and entrepreneurs remain super busy with their day schedule.
I love teaching entrepreneurship, blogging, personal finance and start-ups. I am also a blogger, skill share teacher, start-up mentor and hustler. I like to see world differently and want to do many things in this short span of one life.
Idea, innovation and startup
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Great interesting short snippets of informative articles. Highly recommended to anyone who loves information and lacks patience.
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Great for quick bits of information and interesting ideas around whatever topics you are interested in. Visually, it looks great as well.
I have only been using it for a few days now, but I have found answers to questions I had never consciously formulated, or to problems I face everyday at work or at home. I wish I had found this earlier, highly recommended!
Brilliant. It feels fresh and encouraging. So many interesting pieces of information that are just enough to absorb and apply. So happy I found this.
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