Tips for Starting , a New Business .<br />Lifehack offers readers a step-by-step <br />guide to launching a new business, Here are a few of their top tips:.<br />1. Start by thinking of an actual <br />problem that people face in the world. , Next, figure out how to build a solution. .<br />Uber was inspired when founders <br />Travis Kalanick and Garrett Camp were<br />unable to find a taxi on a snowy evening. .<br />Uber was inspired when founders <br />Travis Kalanick and Garrett Camp were<br />unable to find a taxi on a snowy evening. .<br />2. Do research and develop <br />an understanding of the <br />current marketplace. .<br />Familarize yourself with potential competition <br />and how your concept is different and better. .<br />3. Start small and grow organically, Launching your startup as a side-hustle can be a great way to safely begin building your business. .<br />4. Don't wait. , The only way to find out if people will like your product is to get it out there in the world. .<br />Lifehack points out that if you wait too long, <br />a competitor may swoop in and offer <br />a similar, or even a better, solution. .<br />5. Put your customers first, Listen closely to feedback, <br />suggestions and complaints. .<br />Customers can help provide crucial insights <br />about their experience with your business, including <br />what they like and what they would change. .<br />Over 1.4 million new startup applications <br />were filed with the government in 2021.
