Let’s say that you go a trip with one kilo load and another one go with five kilo load. Whom do you think will get to goal first. Making a business is endless. After carrying one kilo, you may have to carry more kilo in the future.
What is your professional and where you are the best? To start a business you need to focus on only one thing. I am seeing lots of startups and entrepreneurs in Myanmar. Some are failing and some are winning. By learning to those failing, I came to see that their focus point is very wide. They want to do many things. It is one of the reasons startups are failing.
You may have lots of skills and experience. But which kind of work can you grandee that you can do the best? You can say you can do many things the best. But to start a business, according to limited human resources and other resources, you need to narrow down what you want to do. Larry page and his co-founder can do many things. But at first, they only started search engine. Steve Job and Bill Gate started with computers. Only after succeeding one business, they expand to another.
Human resources, investment, and market condition can decide you what business you should focus first. Myanmar market is booming. Every startups and entrepreneurs are greedy about what they can do. Those who don’t have a focus interest are failing on the market. What do you want to do? You need to choose the first one that you can do. Then expand your business by adding services.
The first problem you may find is finding what services and products are trending among people and companies. Your business must be sustainable.
Author: Aung Kham