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When launching a new product or service, entrepreneurs and startups often start with a Minimum Viable Product (MVP) to test the market and validate their ideas. However, once an MVP is successful and gains traction, the next challenge is to scale it up and turn it into a full-fledged business. Scaling up an MVP involves … Continue reading
A recession is a pattern of simultaneously reducing consumer and corporate activity, which results in negative development as measured by the GDP and other sequence data like the rate of unemployment, wage growth, and so on. It has been noted that many outstanding businesses would perish in the impending recession. Your firm might be impacted … Continue reading
What is the idea behind successfully attaining a company project? Does successful project completion only depend on brainstorming? Or is the project’s beginning moment when the company gets to see the end product of your project? Let me break the bubble of the most complicated face of the business- a project. From the beginning to … Continue reading
When starting off with your business, you may see many shortcuts to success – one of many, and the most widely preferred is taking money from investors. This kick starts your business idea but your business model is not unique to you anymore. Are you interested in paving your path to success like that? Here … Continue reading
Imagine this: you’re lying on your living room couch in your pajamas, it’s 11 am on a Tuesday and you’re in no hurry to rush to work. You’re all packed for the trip you’re taking to your favorite getaway destination tomorrow. It’s going to be a week of relaxing, enjoying the weather, and looking at … Continue reading
So, in an answer to the question “what are the three elements that ensure the success of any startup company?”, you have probably heard every entrepreneur talk about consistency, agility, and innovation. a.) Consistency stops you from giving up when you have exhausted all your energy and resources. b.) Agility helps you in taking … Continue reading
All of us have heard of Amazon, right? And we unanimously agree that it is the largest online retail store in the world serving more than 40% of customers online in the US only. However, it never started as the company we know today. The company was originally called ‘Cadabra’ and was a bookstore that … Continue reading
Entrepreneurs love to play with ideas and bring something new to the table; something new and revolutionary that solves an important problem. These people are on a quest to make life better by making technological breakthroughs. This very same innovation powered by the pursuit of improving man’s lifestyle made Apple the most valuable tech company … Continue reading
Mobile app-based businesses have seen a massive upsurge, recently. You can convert an interesting idea into a business opportunity with the right kind of knowledge and resources. However, most of the times’ idea innovators have unanswered questions that plague them and stop them from working to bring their idea to reality. We at Promatics believe … Continue reading
An interesting post-mortem of startup failures by CB Insights states that 42% of them fail due to lack of market need. Believing that you have a great app idea does not equal having a profiteering app business in all cases. It is only when your app has a substantial target market that it will fetch … Continue reading