Introduction

As an entrepreneur, it is important to keep focus. Sometimes it is better to focus on a single product and take it forward with all your resources and energies. In such a case, sometimes a whole new market can be created around that product if it offers solutions that were previously not available. In such ventures, it is very crucial that an exit strategy, such as the business being acquired by another company, should always be present.

Why you should take this lecture?

This lecture gives information about how small scale ventures can be fruitful and can bring large amounts of business. It also explains how smaller businesses can be sold at the end of the day before a new similar venture can be started.

Who will benefit from this lecture?

Entrepreneurs looking to start ventures at a smaller scale need to see this lecture to understand the various aspects associated with such a business endeavor. It is also a good talk for someone who is already running a company that focuses on a single product and wants to explore all options available regarding the future of the business.

Table of Contents

- Maintaining focus on the single product.
- Making use of the ideas available to you.
- Having an exit Strategy in place.
- Knowing when to kill the business.
- Importance of having the right team in place.
- The size of your company is determined by the size of the market the product on offer has.

Author Bio

Mir Imran Founded the Incube Laboratories in 1995. He has been engaged in medical products related entrepreneurial endeavors since the 1970’s. He has founded over 20 companies related with medical products which have been acquired by some well known names in the industry. Imran holds a masters degree in Bioengineering from the Rutgers where he also worked as a research specialist for three years.