Research is the first step of any business plan

[BrolySSJ]

There are many businesses that are introduced into the market on a constant basis and each one of them is in that meeting specifically need or want that has been identified within a community or region. However, in order to be able to identify and his needs and wants one needs to be able to do research within their community. This research will involve finding out from people how they are likely to be exposed to marketing for their product and in this way they can maximize their marketing strategies. Also, it is important when it comes to deciding what product is going to be sold. Through the interaction with people of the community you are able to gather a lot of information about what they need, and you can place your business model on this.

There are many that feel research is something that only happens by your online methods. However, this sort of research requires interaction which can be achieved through possible surveys that you can conduct.

Apart from surveys what other methods do you think that businesses can use to obtain information about their upcoming business plans?

 

[Erik4150]

You can help your research by talking to business owners who are running the same kind of business as you. They will tell you mistakes to avoid, best selling strategies and the best audiences to target. It's good to seek information from them because they have better experience than you and their advice will help you in the long run.

 

[Sammyesx]

Research is very important before starting a business. It's help the entrepreneur to known how valuable his product or service will be to the general public the range of amount people will be willing to pay for the commodity and also the best location for the business

 

[Ifective]

That's true. Research is always the first time into commencing a project. Before a business is being started, a lot or research must be done about the resources needed for the business; how much they cost, where quality ones can be gotten. Also, the customers for such products must be looked into to be sure whether the business will make sales or not

 

[Chizfab]

So true, you need to carry out intensive research about the business or idea you want to start. Sometimes, it is through reseaches that one get to know the problems people living around encounter and then find a solution to them.

 

[Neta Sam(Samuel Odunlade)]

Research is the key to anything you want to do in lide. If you want to go into business, you want to get married, establish a school, you've got to know what it takes to do that. Many businesses has failed because they lack adequate knowledge of the business, they only started the business because of zeal. So do your homework well by researching and great will be the reward in your business

 

[Ali raza]

Yes. Absolutely research is the first step to start any business for example if you want to set up a factory So first you have to find out which area would be right for this factor And any of the details from the same company for the factory I will find the cheapest and best material.Research is the backbone of starting a business.And the search gives us an idea of how to restore a business if it ever flops.

 

[Donkiz]

I totally agree with you, doing market survey to ascertain the workability of the business that you intend to venture into is very vital, after you have gotten the needed insight through market survey, next is to draw your business plan which will serve as a blueprint for your business.

 

[singlej007]

Without research, one will always fall victim for bad business both online and offline. I have fall victim to bad business online several times because of lack of research.. It is bad to rush into any business you have little or no idea at all, it will be difficult for you to sustain it.
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Without research, one will always fall victim for bad business both online and offline. I have fall victim to bad business online several times because of lack of research.. It is bad to rush into any business you have little or no idea at all, it will be difficult for you to sustain it.

 

[M.ASADULLLAH]

yeah its quite true research is the first step of any business plan, if we have complete research on that thing which ae are going to start we will quite satisfied which things are required which efforts are required for this business so can utilize us according to the needs of that business we will get complete awareness about the benefits and losses of this business so in short due to complete research before starting any business we feel our self comfortable at the starting otherwise will be confuse.

 

[Nicklas22]

I agree with you on this, research should be the first thing to do for anyone who want to go into any business.
Market research is an effective tool to assist your business planning. It is about collecting information that provides an insight into your customers thinking, buying patterns, and location. In addition, market research can also assist you to monitor market trends and keep an eye on what your competition is doing.

 

[MarieArie]

You might be surprised to hear that marketing research is one of the first things that organizations cut from their marketing budgets because of the high time (and sometimes monetary) investment. This is not the best decision, especially when your company is planning to launch a new product or venturing into a new market. As some savvy startups have learned, marketing research doesn’t have to be expensive if you do it right and follow the right process.

 

[Goodday]

Yes, l agree research is the first factor in any form of business plan. Writing up a business plan without research means you are just preparing to dump money into the sea indirectly. And if market research is effective, the business will surely succeed when the plan is actually put into the practical.

 

[HassanRaza]

Yes,I agree .
Business research helps to identify opportunities and threats. It helps identify problems and using this information, wise decisions can be made to tackle the issue appropriately. It helps to understand customers better and hence can be useful to communicate better with the customers or stakeholders.

 

[Bilal0087]

There are many businesses that are introduced into the market on a constant basis and each one of them is in that meeting specifically need or want that has been identified within a community or region. However, in order to be able to identify and his needs and wants one needs to be able to do research within their community. This research will involve finding out from people how they are likely to be exposed to marketing for their product and in this way they can maximize their marketing strategies. Also, it is important when it comes to deciding what product is going to be sold. Through the interaction with people of the community you are able to gather a lot of information about what they need, and you can place your business model on this.

There are many that feel research is something that only happens by your online methods. However, this sort of research requires interaction which can be achieved through possible surveys that you can conduct.

Apart from surveys what other methods do you think that businesses can use to obtain information about their upcoming business plans?

Yes dear you are absolutely right, a proper Research and knowledge is necessary before starting any type of Business.
There are several ways to do research about a particular business, you may use social media, you may ask the some experienced person and you may also contact some career counsellors.

 

[tuna89]

You are on point bro, before deciding on any product to sell, a good market analysis and market survey are very important, these two things will guide you to creating an effective business plan that outlines the company mission, budget and projected profits, for the business plan to function effectively, the business owner must be disciplined.

 

[Ridorz]

Research is very important and imperative things to be done before we start a business as we have a business idea. We should make research on location we want to establish the business, we should make research on the suitable amount to start a business so that we will know the budget.

 

[Sariana23]

It is really of the utmost importance to take the survey before starting the business. Another way to do this research is to send people to neighboring businesses in relation to the company that you want to start and carry out a search and observation of brands and prices. This way you will have other important information.

 

[btaliat]

Yes. Research is the first step in any business that you want to venture in. And nowadays the research is made simpler because you can easily much information about the intending business online. Besides there are business consulting services that you can consult.

 

[Eyiteepraise]

When starting a business research can never be put aside for a future requirement.Before the commencement of any business ,there is always a research about the business.This means that there is a research department in all organisation that will make research about fact that concern the business.As companies believe that research is something very important that make their name go higher.