09-24-2022, 09:36 PM
If you have a "bad" product or service, I don't why you be stupid enough to even try to start a business. I mean ... be realistic! Did you test your product first on family and friends? It's not likely they will tell you a lie! If it sucks, it sucks!
As for marketing strategy? A business will likely fail because of poor planning. Developing a marketing strategy is only a part of the planning process. In USA, if you can not present a detailed business plan, you can forget about getting a loan to get started, i.e. unless you have something valuable that you can offer as collateral to secure the loan. It will be the same way if you approach angel investors, crowdfunding sources, apply for government assistance, etc.
You might be able to ask a relative or a friend to help you get started but if you lose their money, there will probably be bad blood between you and them for the rest of your life.
How to Write a Business Plan, Step by Step - NerdWallet
nerdwallet.com/article/small-business/business-plan
As for marketing strategy? A business will likely fail because of poor planning. Developing a marketing strategy is only a part of the planning process. In USA, if you can not present a detailed business plan, you can forget about getting a loan to get started, i.e. unless you have something valuable that you can offer as collateral to secure the loan. It will be the same way if you approach angel investors, crowdfunding sources, apply for government assistance, etc.
You might be able to ask a relative or a friend to help you get started but if you lose their money, there will probably be bad blood between you and them for the rest of your life.
How to Write a Business Plan, Step by Step - NerdWallet
nerdwallet.com/article/small-business/business-plan