Simply Build a Billion-Dollar Business with only 3 Elements
Business ownership/Entrepreneurship is exciting, but it can also be stressful, frustrating, and overwhelming. You may have started your entrepreneurial journey with a golden idea of what it would be like to finally stop working on some issues. So, before doing business you should know, a business is based on what elements? Today we will know very simply, that a business is built based on some elements. Read More
All businesses around the world are based on these 3 basic foundations:  1. You need to buy or create a product or service. 2. This product or service to convert into money will need a sales method or a system. 3. Now a setup has to be built in which the product reaches the customer and you will get your money. Firstly, you need to decide what product or service you will be working with. If you make the product or service yourself, you will be a manufacturer, and if you source it from somewhere else, you will be a trader or wholesaler. Secondly, it takes the desired buyer for this product. Your second step will be successful if buyers are interested in buying your 10-dollar product for 15 dollars. Thirdly, The business system or model will be needed. The system or model is how the product will reach the customer and how you will generate revenue. That’s it! If you can do this properly, the journey of a billion-dollar business has become. Now the work is done to prepare this element to generate money.”