Research is the first step of any business plan

[Bousine123]

You can obtain information from those who are already in the business you are venturing into, even though they are your potential competitors, they will be willing to help.

 

[BrolySSJ]

You can obtain information from those who are already in the business you are venturing into, even though they are your potential competitors, they will be willing to help.

The business might not necessarily be willing to help you because it will also pose a problem for them as well if you are successful in The Venture however I think that if you look into businesses in general and Gain knowledge from them then it will be quite helpful in progress in your own business plan.

 

[Ralphjoe]

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.

Any business that does not conduct a research before it commenced operation is not serious about making financial gains or becoming successful because they has to be a business plan that will launch the business on and upwards successful trend.

 

[Alexandoy]

Any business that does not conduct a research before it commenced operation is not serious about making financial gains or becoming successful because they has to be a business plan that will launch the business on and upwards successful trend.

It is possible to star a business with no research but it would be a big gamble because the operation may have many snags. Even the simple shortage of supply can result in big losses in terms of opportunities.

 

[Ralphjoe]

It is possible to star a business with no research but it would be a big gamble because the operation may have many snags. Even the simple shortage of supply can result in big losses in terms of opportunities.

The big gamble is what I do not want anyone to take so the most safest option for anyone that start want to start up the business is to make sure they carry out a research on that business and also have a good knowledge of the business before they venture into it.

 

[Yusuf1]

Thats true though. The first thing one need to do in any business is to make proper research in the business before commiting any amount of money into the business just to avoid loss

 

[Ralphjoe]

Thats true though. The first thing one need to do in any business is to make proper research in the business before commiting any amount of money into the business just to avoid loss

The need for a proper research before one can start up a business is very important as a business is a sensitive venture because at the end of the day the business might not become successful so the best way for you to ensure that your business can become successful is too when you properly researched the market that you want to open your business for as that way we ensured that you can kill your business so the market taste and demand.

 

[Alexandoy]

The big gamble is what I do not want anyone to take so the most safest option for anyone that start want to start up the business is to make sure they carry out a research on that business and also have a good knowledge of the business before they venture into it.

Having a good knowledge on any endeavor is imperative. Beginners have to learn by observation, getting a mentor or even undergoing training. That can be a big help in the preparation.

 

[Sincerem]

Surveys are nice option for business enterprise to get responses for their business products, if they're quality products which customers desire.

 

[Thinker009]

Research is actually part of what gross the business more and take it to the said growth that it want to acheive , many business are having slow progress since the owner did not make research about the product he is selling

 

[Mayox25]

Research is a very important aspect of setting up a business. You have to know what the business entails, the stakeholders in the business, the positives and the challenges.

 

[Ralphjoe]

Having a good knowledge on any endeavor is imperative. Beginners have to learn by observation, getting a mentor or even undergoing training. That can be a big help in the preparation.

The importance of having a deep knowledge of the business that you do want to start up cannot be overemphasized and this is why I have taken up the challenge to investigate and learn about an investment opportunity that has been presented to me so that I can know more about this investment and not fail in the investment.

 

[Chibson]

It will be very hard for people to be successful in business if they don't make research during their business plan. Research will go a long way in giving you insight on how to be successful.

 

[Kane]

Research is not the first step of a business plan, the business idea is. You can plan your business only when you have an idea. The planning involves analyzing the idea and how to make it profitable.

 

[Kelly5]

Yes you would be needing that research a lot if you want to really make it any of your business endeavour. Without research you would be going into that business blind sort of and that won't be nice

 

[Richard92]

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.

Yes it is true that will search the first step for every business plan and it is the best way that you can be able to write out plan and also the back-up plan for the business.

 

[Setfragil]

Research is the first step in every business. Research help you to know the right business to do that will give you the desired profits you want in business.

 

[Immilash]

I think 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.

 

[justija]

I totally agree with you , starting up a business with no idea or researching can cause your business to crumble in the next 3month of Beginning .., you can't just start something because someone else is successful in it

 

[eLdavis]

Personally I feel when starting a business plan, online research might be the easiest but not the best, to get a better and accurate result, it would be best to go offline and do some findings in that location.