Copying a business is a really powerful tool for creating a truly solid business. And let them say that this is bad, that originality and creativity are valued higher, that copying a business is inefficient, etc. More than 95% of fundamentally new businesses fail. Yes, there will be those who shoot, of course. But their number as a percentage of the number of attempts is negligible. And that is a fact.
Starting a business in a non-existent niche is not a business risk, it is just a hope that maybe you will be lucky. Continue reading
Look at the list of global challenges and you will understand what trends in the startup industry should be expected in the future. You will see that the most successful startups are companies that have been able to efficiently and quickly solve global problems. For example, today the world is facing a new challenge – a global pandemic, and the European Commission has already announced funding of € 164 million for startups offering a solution to the fight against the virus. Continue reading