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The proper start to your own business is to find a promising idea. A good idea is a guarantee of a successful business. Most businesses go bankrupt in the first year just because they are based on either no idea at all, or the idea has no prospects. 80% of success depends on the idea and another 20% depends on how and by what algoritm it is implemented.
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A business formula is a way to make money. There are a lot of options to make money now. Each of them requires a different amount of investment, gives a different result and with a different speed. However, there is the most popular formula, which is used by most businessmen, because it is quite cheap and at the same time gives a quick result.
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The principle of the invisible hand of the market is a term introduced by the Scottish economist and one of the founders of modern economic theory, Adam Smith, to explain the mysterious processes in the market. He realized that the behavior of buyers and sellers in the market is determined not only by their desires, but also by some third party that is not visible.
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