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Are you a postgraduate student looking to set up your own business? Here are some best practices to help you succeed:
| Best Practices | Statistics |
|---|---|
| 1. Conduct Market Research | 80% of businesses that fail do so because of a lack of market research. |
| 2. Create a Solid Business Plan | Businesses with a well-thought-out business plan are 50% more likely to succeed. |
| 3. Build a Strong Network | 85% of entrepreneurs say that networking is crucial to their success. |
| 4. Seek Mentorship | 70% of mentored businesses survive more than 5 years, compared to 50% of non-mentored businesses. |
| 5. Embrace Failure | Failure is a part of the entrepreneurial journey - 90% of startups fail, but those who learn from their failures are more likely to succeed in the long run. |
By following these best practices, you can increase your chances of success as an entrepreneur in the postgraduate programme. Remember, entrepreneurship is a journey filled with ups and downs, but with the right mindset and strategies, you can achieve your goals.
Source: Entrepreneur.com