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But unfortunately, most small businesses fail its just a matter of time as to when they do.
That said, droves of small businesses thrive.
Whats the recipe for success?
If only there were a simple and easy-to-follow answer to that question.
Wed all be raking it in without ever clocking in.
Do they actually have money?
Do people have thewillingnessto pay?
Were all familiar with that phrase, but it takes on a wider meaning in this sense.
Think Peloton and Apples iPhone.
These ideas will be the most profitable for you.
Thats not the same as selling something tons of consumers will buy.
Its too fancy and too niche.
Think Rolls-Royce and Prada, Sethi wrote.
Perhaps you want to create aproduct or servicethat the majority of consumers will consider buying.
Though there is a caveat.
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