To make money in a small business, the entrepreneur needs to know certain basic things above and beyond having a great idea for a business. Here are five tips for getting the business off the ground on the right foot:
1. Have enough cash to start up the business without having to wait to get a loan.
2. Know whether your business idea serves a niche or a growing market.
3. Know why your customers should buy from you and not your competitors.
4. Know how to reach the people who want to buy your product or service
5. Determine a price that is both profitable and competitive
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