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Entrepreneurship

Secrets to Starting a Business and Earning Passive Income with Hiten Shah [Video]

Secrets to Starting a Business and Earning Passive Income with Hiten Shah

We’re definitely talking about passive income today with our friend, Hiten Shah.

I’m so grateful to have Hiten on. He revealed some secrets that I’ve never heard before. Things he’s never shared before. They’re things he’s actually implemented.

We talk about his new business, and how he’s applied these secrets to his business.

If you’re an entrepreneur and you’re thinking about starting a business, or you want to make sure your business idea is validated and it’s a perfect product market fit, we’re going to remove the guesswork for you today in this episode.

We also talk a little bit about cryptocurrency and NFTs. Hiten is big into that world. It’s something he does for fun and money. I’m going to dissect his brain in relation to that, as well.

There’s so much gold here in today’s show. I’m sure you’ll enjoy it!

Today’s Guest

Hiten Shah

Hiten Shah is the Co-Founder and CEO at Nira. Hiten has started multiple software companies since 2003 including Crazy Egg, KISSmetrics, and Nira.

You’ll Learn

• The advantages and disadvantages of self-funding vs. outside investment
• Why you need to have a clear understanding of the story behind your business
• Three things you should do when starting your business to improve your chances of success
• What to give your audience when you’re first starting out
• Why you don’t have to be different to be better
• Hiten’s secret for understanding the market for your product
• How to confidently & accurately price your product

Subscribe to the podcast → https://smartpassiveincome.com/shows/spi
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Categories
Entrepreneurship

Starting a Business [Video]

Starting a business can be one the most exciting things you'll do in life. It can also be the scariest. According to the latest statistics on the percentage of businesses that fail in the United States, we see that of the 678,135 new businesses that were started in 2015, more than one-fifth (20.4 percent) closed after their first year in operation.The percentage of businesses that fail increases to 30.9 percent in the second year and 38.6 percent in the third year. By the fifth year in 2020, the new business failure rate reaches 50.0 percent. Needless to say, it's hard! The ones that succeed do so not only because they work hard and get lucky. These entrepreneurs spend an immense amount of time creating a plan and execution strategy. It takes a lot of discipline to overcome the challenges. In this episode I'll discuss the basic questions you want to ask yourself when starting a business.