VietnamCredit About Us Cafe€redit Contact Us
Go to cart
10 Business Lessons For Startups

10 Business Lessons For Startups

Thursday 14, 05 2020
After the failures we will have valuable lessons. Entrepreneurs, too, on their way to success have met many failures, leaving countless valuable lessons.

Here are 10 lessons drawn from successful entrepreneurs, when starting a business, you should read this article to get the lessons from the experienced ones.

Customers cannot tell you what they need

Customers sometimes don't know what they need until you show them what they want. You should tell your customers what they need instead of waiting for customers to tell you what they need and then starting to work on that product. A product is helpful once you tell your customers your product is necessary for them.

Experts know nothing

As an entrepreneur, you have to learn everything yourself instead of depending on others. You should let the experts listen to you instead of listening and doing what the experts tell you to.

The bigger the challenge, the higher the outcome

When putting a lot of effort to overcome great challenges, you will surely bring high results. Going back to the era when the iPhone was considered a huge technological challenge, it took countless hours of hard work to achieve this result.

10 business lessons for startups

Always be innovating

Times are constantly changing. What is suitable for today is not necessarily suitable for tomorrow. Therefore, it is important to always be innovating while avoiding boredom. In order to reach the highest threshold, you should remember to never be satisfied and to always change.

The problem is whether it is effective or not

You are the leader; you always have the ability to protect your views. However, when you listen to all the opinions of others and are willing to change your opinion, it may get even more efficient.

The value is different from the cost

Each product has a certain price, but the value they get can be much higher. These include luxury, outstanding class, user-friendliness, high performance, etc. You need to consider the value that the product receives, not just the cost of the product.

Good people need to hire good people to be developed.

In the early stages of starting a business with difficulties in a company or in important periods, it is necessary to hire the best people. It is the survival instinct to aim for the best quality for the product. As the company grows and financial issues become more stable, people in power will tend to hire people who are not as good as themselves to secure their position.

This type of person will hire type people who are not as good as them and this will make the company's quality of work seriously deteriorate. The lesson we learn here is, if possible, hire only the best, and if possible, hire people who are better than you.

A true CEO can be a role model

If you are a leader and you have a product, you are responsible for presenting your product. Even if you are not the perfect presenter, the creator is the one who can talk about it most passionately.

A real business has to launch the product

It is unwise to wait until you have a "perfect" product. However, this does not mean that people should launch products that are still questionable. There are always breakthrough products with flaws, but the important things are to launch the product and perfect it.

There are things that need to be believed to be visible

Unless you have faith, everything will never happen. You cannot wait for proof or for customer reviews before making your moves. You have to believe in what you are doing since unless you do so, it will be easy to get frustrated and to quit when you are in trouble. You may have a smaller business at the beginning, but if you are competent, you can still grow and scale it slowly. This depends on your ability to analyze and organize your resources.

If you have a detailed plan and the right direction, you can succeed. Above are 10 valuable business lessons gathered from the experienced leaders in the world. It is important that you know how to apply them to your work and make your dream of starting a business come true. It is highly advised that you refer to them carefully and make accurate judgments for your brand.

​>> Top 3 valuable lessons when starting a business


You may also like

Why do most beverage startups fail?
Monday 13, 01 2020

Why do most beverage startups fail?

The real reason most drink and coffee startup startups fail - perhaps from...
Startups facing challenges and opportunities
Friday 15, 05 2020

Startups facing challenges and opportunities

Since it was founded in 2013, VeXeRe has never faced this much difficulty...
+84 981861066