The first task you will do if decide to run a business is to do research and validate it. Once you have a solid idea, do not dive in headfirst. Conduct thorough research to understand the market, your potential competitors, and the financial feasibility of your venture. Find out if there is a strong demand for the products you want to display in your business center. Know the services you need for the customers. How much can you realistically spend as capital? Make sure that during your research, you have with you the research instrument so that you can end the research satisfactorily. You may commission one of your staff qualified to do the tasks for you.
Research and validation
- Thread starter Starmix
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- #5
As a business owner, you have to serve to make your business grow and one way is through conducting research. After doing it, you have to validate it to prove the effectivity of your research that could solve a problem.
When you research your business, you can meet other people that have been successful in that business to validate it.
The big companies that have been able to come up with innovative products is because they invest do much into research.
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- #9
A business needs to have a researcher to know the strengths and weaknesses of the workers and customers. It's through research that the company owner will know if his business needs better improvement in management and services.
