Whatever you build, make sure you create and build something of value. Ensure that you build something people want, and will eventually use when launched.
In two words: Dream big.
If you create an identical or really similar business plan to that of a successful competitor, you’re most likely just setting yourself up for failure.
What you have to do is to create something that will be of great value to your customers. Before you start a business, ask yourself this question:
“Will this improve people’s lives?”
If your answer to this question is ‘yes’ and you have validated this through personal research, then go ahead and start building! Don’t wait for the perfect time.
It won’t come.
Start with the limited resources and knowledge that you have, but with all the passion in the world, and everything will work out eventually.
The best way to come up with an amazing product or service is after being consistently unhappy with the service of a company, then you can start a company with a better service.
Only build something you are passionate about, and be devoted to make it a success. With passion and devotion, it’s only a matter of time, you’ll lead your industry.