How can I run an IoT enabled business?

  1. Think of an idea in that fast-growing space. Don’t think too hard, and definitely don’t let procrastination slow you down because your idea won’t work anyway.

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Here is what you need to do…

Find a space that is growing. If you know the space very well, that’s a big bonus.
Think of an idea in that fast-growing space. Don’t think too hard, and definitely don’t let procrastination slow you down because your idea won’t work anyway.
Get access to at least US$20k. This should give you enough to build a basic product to test your idea. Get a job and save up, convince your parents, get friendly with your rich uncle. Whatever.
Find some co-founders. This is hard as humans, by nature, are chickens, so if you fail here, get some staff instead and co-founders may come later.
Launch a basic version of your app/website. Note it will be 2-3 times over-budget and way behind schedule.

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Determine how IoT can help achieve your business goals. Whether it's improving operational efficiency, reducing costs, enhancing customer experience, or paid charge off removal letter creating new revenue streams, clarity on objectives is crucial.

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Running an IoT-enabled business involves several key steps, from understanding the technology to developing a business model that leverages IoT capabilities. as seen here

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