Congratulations my fellow entrepreneur on your new business idea! Let\u2019s work on turning it into a successful business. <\/p>\n\n\n\n
Your number one question should be \u201cwould people buy my product?\u201d The number one reason I see businesses fail is that the products or services they sell don\u2019t have a market interested in them that is wide enough to sustain that business. I\u2019m sorry but your business idea isn\u2019t good if you or your mommy likes it\u2026.<\/p>\n\n\n\n
Creating a MPV (minimum viable product) is the best way to test your business idea. This product has just enough features to be useable by your target market. You can keep this version simple, no need for fancy packaging or branding. They key is to get feedback from real customers. Do they want to repurchase? If yes then you have a potential hit on your hand. Listen to their feedback and improve. <\/p>\n\n\n\n
I want to finish this article by saying they key to remain in business is to treat every version of the product or service as a test. Continue to listen to customer feedback and continue to improve what you do. Remember the market is constantly changing. Remaining in business is as simple as finding what customers want to buy and sell that to them. <\/p>\n","protected":false},"excerpt":{"rendered":"
Your number one question should be \u201cwould people buy my product?\u201d The number one reason I see businesses fail is that the products or services they sell don\u2019t have a market interested in them that is wide enough to sustain that business.<\/p>\n","protected":false},"author":118,"featured_media":25010,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_bst_post_transparent":"","_bst_post_title":"","_bst_post_layout":"","_bst_post_sidebar_id":"","_bst_post_content_style":"","_bst_post_vertical_padding":"","_bst_post_feature":"","_bst_post_feature_position":"","_bst_post_header":false,"_bst_post_footer":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[18],"tags":[],"class_list":["post-25009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/mypellau.com\/portal\/wp-content\/uploads\/2021\/08\/img_3977-scaled.jpg?fit=2560%2C1707&ssl=1","jetpack-related-posts":[{"id":17383,"url":"https:\/\/mypellau.com\/portal\/how-to-start-an-online-business-in-trinidad-and-tobago\/","url_meta":{"origin":25009,"position":0},"title":"How to start an online business in Trinidad and Tobago","author":"Dexter Michael Tittil","date":"June 1, 2021","format":false,"excerpt":"The best time to start a business was yesterday, however, the second-best time is today. In this article, I'll address what you need to do in order to start your online business in Trinidad and Tobago as soon as you possibly can. There will be some extra work and you\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/mypellau.com\/portal\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/mypellau.com\/portal\/wp-content\/uploads\/2021\/06\/pexels-andrea-piacquadio-3769021.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/mypellau.com\/portal\/wp-content\/uploads\/2021\/06\/pexels-andrea-piacquadio-3769021.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/mypellau.com\/portal\/wp-content\/uploads\/2021\/06\/pexels-andrea-piacquadio-3769021.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/mypellau.com\/portal\/wp-content\/uploads\/2021\/06\/pexels-andrea-piacquadio-3769021.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/mypellau.com\/portal\/wp-content\/uploads\/2021\/06\/pexels-andrea-piacquadio-3769021.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":25013,"url":"https:\/\/mypellau.com\/portal\/how-to-market-your-business-in-trinidad-and-tobago\/","url_meta":{"origin":25009,"position":1},"title":"How to market your business in Trinidad and Tobago","author":"Dexter Michael Tittil","date":"August 27, 2021","format":false,"excerpt":"If your business isn\u2019t visible online then does it really exist in this day and age? Just as in years past your customer would have searched the yellow pages, customers in the modern world turn to Google and Social Media to find what they need. I hope I drove that\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/mypellau.com\/portal\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/mypellau.com\/portal\/wp-content\/uploads\/2021\/08\/img_3978-scaled.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/mypellau.com\/portal\/wp-content\/uploads\/2021\/08\/img_3978-scaled.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/mypellau.com\/portal\/wp-content\/uploads\/2021\/08\/img_3978-scaled.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/mypellau.com\/portal\/wp-content\/uploads\/2021\/08\/img_3978-scaled.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/mypellau.com\/portal\/wp-content\/uploads\/2021\/08\/img_3978-scaled.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":25180,"url":"https:\/\/mypellau.com\/portal\/businesses-you-can-start-today\/","url_meta":{"origin":25009,"position":2},"title":"Businesses you can start today","author":"Dexter Michael Tittil","date":"September 5, 2021","format":false,"excerpt":"art here in Trinidad and Tobago for minimal costs today (or maybe during the course of a week or two). I've tried a few of these and I still actually run a few to this day, making me all of my income. If these business ideas worked for me them\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/mypellau.com\/portal\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/mypellau.com\/portal\/wp-content\/uploads\/2021\/06\/pexels-andrea-piacquadio-3769021.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/mypellau.com\/portal\/wp-content\/uploads\/2021\/06\/pexels-andrea-piacquadio-3769021.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/mypellau.com\/portal\/wp-content\/uploads\/2021\/06\/pexels-andrea-piacquadio-3769021.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/mypellau.com\/portal\/wp-content\/uploads\/2021\/06\/pexels-andrea-piacquadio-3769021.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/mypellau.com\/portal\/wp-content\/uploads\/2021\/06\/pexels-andrea-piacquadio-3769021.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":1181,"url":"https:\/\/mypellau.com\/portal\/10-steps-to-create-a-successful-sales-plan-for-2019\/","url_meta":{"origin":25009,"position":3},"title":"10 steps to create a successful sales plan for 2019","author":"Dexter Michael Tittil","date":"December 28, 2018","format":false,"excerpt":"What's your strategy for 2019? Are you just winging it or do you have a definite plan in place? Let's explore what can be done to have a successful year. \u201cBusiness is like war in one respect. If its grand strategy is correct, any number of tactical errors can be\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/mypellau.com\/portal\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/green-badger-284886.hostingersite.com\/wp-content\/uploads\/2018\/12\/20181228_134604-300x239.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":21632,"url":"https:\/\/mypellau.com\/portal\/when-to-pivot-your-business\/","url_meta":{"origin":25009,"position":4},"title":"When to pivot your business","author":"Dexter Michael Tittil","date":"July 11, 2021","format":false,"excerpt":"Recently here in Trinidad and Tobago we've been seeing many restaurants now becoming \"urban markets\". El Pecos Grill and Kam Wah are two very recent examples of restaurants that have become groceries, parlours or mini-marts or whatever you decide to call them. People are calling them \"transvendors\" meaning a vendor\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/mypellau.com\/portal\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/mypellau.com\/portal\/wp-content\/uploads\/2021\/07\/PELLAU-URBAN-MARKET-PLACE-AD.png?fit=675%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/mypellau.com\/portal\/wp-content\/uploads\/2021\/07\/PELLAU-URBAN-MARKET-PLACE-AD.png?fit=675%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/mypellau.com\/portal\/wp-content\/uploads\/2021\/07\/PELLAU-URBAN-MARKET-PLACE-AD.png?fit=675%2C1200&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":26709,"url":"https:\/\/mypellau.com\/portal\/how-to-choose-the-right-domain-name-to-rank-in-google\/","url_meta":{"origin":25009,"position":5},"title":"How to choose the right domain name to rank in Google","author":"Dexter Michael Tittil","date":"April 7, 2024","format":false,"excerpt":"Should you choose your business name as your domain name or use your service plus the country or city in the domain name? 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