How to become a successful entrepreneur; According to Mohammad Reza Moghadasi
Mohammad Reza Moghadasi is a 29-year-old entrepreneur who has been capable of managing and handling 53 different businesses and that is why he is distinguished from his other peers in market. In this essay, Mr. Moghadasi will elaborate on some important points regarding entrepreneurship.
Today’s aspiring entrepreneurs who attempt to start new ventures should know that it takes much effort to compete in this field. Turning into an entrepreneur requires planning, strategizing, and the ability for risk-taking.
Moghadasi states that when giving a go to start a business, pick a business idea for your new venture that will make you distinguished from others. For example, mull over how you will niche down if you build a clothing line: What products will you offer? Will it be sustainable or ethnically made? You can think about possible business names or use a business name generator once you have narrowed it down to get your creative juices flowing.
Mr.Reza Moghadasi said: “What is more important than finding your competitive edge is to think about what you desire to do. What issues are you eager to solve? Your recipe for business success is attached to what you love, know best, and feel the world needs.” He added: “Above just being passionate or persistent, you should educate yourself on the topic. To do so, you may go back to school to obtain an academic degree, take online courses, or research by turning to a favorite blog.”
Although an idea can sound excellent, make sure whether people will pay for it or not before you pat yourself on the back. Mohammad Moghadasi believes that one of the main reasons why businesses fail is that there is no market demand. Doing some research on your potential clients will allow you to see the profit potential. Moreover, you will not only better understand your others’ expectations but also be able to trade your offers to them effectively.
In conclusion, Moghadasi suggests listing the features that describe your target market by exploring the market. For instance, what age group are they? What are their hobbies? Where do they live? The answer to these questions will lead to success in your business.