Tips for initiating a successful start-up inspired by Aqeel Karim Dhedhi’s life

Aqeel Karim Dhedhi’s life is an inspiration for many young minds as well as all potential businessmen and entrepreneurs who want to start their own business but are not sure about the risk involved.

A successful business requires a lot of time and effort regardless of whether it is a start-up or not. The amount of work and effort you are willing to put into it is a huge factor.

However, we will be going on many other factors that contribute to the success and failure of your business as well as mention true inspiration from the life of king of Pakistan Stock Exchange and a renowned business tycoon, Aqeel Karim Dhedhi.

Choose the right type of industry for you to step in

This is very crucial because every industry has different pros and cons to it and finding the one right for you could be challenging. The key to success is finding what’s missing or lacking in a market, and whether you can fill it. If you can, that will become your niche and creating a niche for your business is highly important for your start-up to flourish and grow popular.

Be aware of the demand of the product you want to sell in the market

Even if you find your niche, it doesn’t necessarily mean that there is a market for it. One of the biggest mistakes that entrepreneurs make is assume on their own that many people would want to purchase that particular good or service. Just because you like it doesn’t necessarily mean that people would want to spend their money on it.

A good idea is not to assume the market instead conduct an extensive and efficient research. This could be expensive but is better to minimize the risk for loss instead of incurring it as a result of an ineffective decision.

Don’t make your business all about money

This is a tip coming from one of the greatest business tycoon, Aqeel Karim Dhedhi. While money is one of the core reasons for starting up a business, it is not everything. It is the idea that counts in success of a business, even more than money.

An original idea could take you from zero to hundred real quick. It is a good amount of innovation that will turn a business into a profit generator real soon. So a good idea is to not chase money or think it is everything, rather think of a bigger and better idea.

So here were some of the tips one should keep in mind before going for an initiative to start a business. Keeping these things noted will surely help you in the success of your business.

TAGS:

• AQEEL KARIM DHEDHI
• BUSINESS TYCOON
• PAKISTAN STOCK EXCHANGE