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Risks And Opportunities: Key To Startup Success
By siliconindia
Be Aggressive In Forecast
A business idea is not a business opportunity until it is evaluated objectively in the context of a specific business plan and the future of the product in the industry. Forecasting a business should be strategic, based on the opportunity and pain level. A startup that can forecast about their product or service, and the industry as a whole is one that grabs investors’ attention and is funded. Being aggressive in forecast also lowers the future risk and helps the organization to take initiatives from an early stage of a problem as and when it is detected, thus reducing the risk.
