Research is the first step of any business plan

[Samuel77]

According to my own point of view I believe it is true research is the first of business. when making a business plan you have to make observation about the business no more about the business the interest rates and also what to produce and how to produce

 

[akinlolu99]

Truly. Totally research is the initial step to begin any business for instance on the off chance that you need to set up a production line So first you need to discover which territory would be ideal for this factor And any of the subtleties from a similar organization for the industrial facility I will locate the least expensive and best material. Research is the foundation of beginning a business. And the pursuit gives us a thought of how to reestablish a business in the event that it actually flounders.

 

[Olubayo12]

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?

Thank you for this thread. Research is the very important thing that just be taken with seriousness in the start of any business. One has to make sure that research, product research, is taken seriously before launching into the business so as to know what the people need.

 

[Pauljonnes1000]

Research is very important in starting a business. Collating information from those who has been in the business already. Telling you why they have failed and successful. Researching is will bring about success. I tell you.

 

[BrolySSJ]

Market research are the major ways to get information as you can speak to people and be enlightened, you can also take a look at your competitors business model that also gives you insight about the business you're about to venture into.

Investigating the competitor business is especially important because you have to know what is already out there in the market and the prices that it is being sold at in order to try and compete with them in that regard. If you are unaware of the competition your advertising will be a lot less effective.

 

[Jesuyemi 08]

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?

As you have rightly highlighted the power of a research before starting a business, it is not a mere step to be taken but a crucial one need by every business organizations whose main objective is to succeed. Market research is the first thing that needs to be done so as to know what to produce, for whom to produce and the quantity of what is to be produced.

 

[Shigobad20201]

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, research is suppose to be the first step of any business method before you venture into the business proper, you knee to mark research on the business and know every thing that needs to be known about the business before you start.

 

[Erik4150]

I completely agree with you. An entrepreneur must first conduct research before going into business. Research will help you know which market is booming and which mistakes to avoid in your business.

 

[Eodine]

You need to do a lot of research to know how you will start your own product, your market strategy, how you will check how your product is going to meet the public needs and how much profit you stand to gain.

 

[Setho]

I have seen so many people who just jump into a business because they have seen some people do it and make profit on them. In business, you should always research first about the market, costs, customers and how you can make profit in it and not just into it like that.

 

[Aotosyno]

A research is always good to know about the business the up and down what it's entails and how to tackle the problem of at all any occurs in the business

 

[Victor001]

Research for business is as important to longetivity of the business,how you intend to grow your business should be matched on your research capabilities and exposure.

 

[DareIsrael]

I agree to this. Before making a business plan, one has to make some research.. The available market for your business. Also to know if there are competition in the market

 

[Patrik]

that's a sure thing, studying the market will give you an idea about what people like and what not, you can't just post products in the market without having a knowledge about how it works

 

[Ziki]

Taking survey would also prepare the mind of the public to the services or product you are bringing for them. You can also talk with experience business personnel for advise.

 

[Good-Person]

Research and planning is one of the key aspects of a successful business; however, it is not the only thing that can guarantee a successful business. There are other things like employee management, luck, and fund management that are also important. However, initially you need to properly research and prepare your business plan first.

 

[nimzy]

Before embarking on a business it is very necessary to undergo a research because that I believe will helped in identifying the basic needs of the society and how to served customers better.

 

[Kane]

All businesses begin with an idea. Once you have the idea, you need to do do research on that idea. The research should be centred on whether th idea is feasible or not

 

[Alisco]

Absolutely true, research is the first thing needed to be done before embarking on a business so that you can know more about the product you want to invest into and strategic place to install your business. All these can be effective through research.

 

[Maphalle]

It is very important for a research to be carried to avoid disappointments. One needs to make sure sure that the business you're to start it's suitable for the area, whether your product or service is really needed.