Research is the first step of any business plan

[Trojan8]

I totally agree with your assertion here. For a business to be successful, one has to carry out a research to understand his environment. This way one would know what would thrive in his environment and how to go about it. It also offer an entrepreneur the opportunity to know his strengths and weaknesses.
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I totally agree with your assertion here. For a business to be successful, one has to carry out a research to understand his environment. This way one would know what would thrive in his environment and how to go about it. It also offer an entrepreneur the opportunity to know his strengths and weaknesses.

 

[Shoaib5600]

It is very important to know this before starting any work. You should know where the damage can be. I think you should consult a person who knows the work well. Because this man will have experience, the deeper you go, the more useful it will be

 

[Adebayonle7]

Great insight! It is now a commonly made mistake that many people make when they start a business. They just pick out a good/product or services in their head and enter the market without prior knowledge of the market situation and especially the goods they're going into. They don't scout the area or community they're targeting to know if their services are required there at all.

 

[Sotherefore]

Yes you you are right,i think the research you are talking about should be replaced with learning, because if you dedicate your time to learn and have a deep understanding of the business work you have a higher possibility of succeeding, this is what my master told me.

 

[Frank]

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

Market research is key to the success of every new business. You need to visit the markets to see what is currently working and what will work in the future. This is how you get to decide how to handle your new business.

 

[.V.]

You're absolutely right. Having a mentor is another way to have knowledge of the business you want to venture into. Someone who has made it in the same type of business can help you and advice you when you're confused.

 

[Lyrrex]

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.

 

[Dorcey]

Every one going into a business should know that you have to make enquiry/research about the business .research shouldn't be for online business alone .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.

 

[Chumzy]

I think it is important for you to get a feasibility report done before anything. After that you can then proceed to preparing your business plan based on the result. But note that you can only get to this point after you have successfully ensured that you have a problem to solve.

 

[Planet408]

To obtain informations about a business plan that has been set. I think you can do that by reading reviews on people's perceptions about similar businesses in same location where your business is situated. This can help you obtain vital informations regarding the business plan at hand.

 

[Mave24]

Research plays a big role in starting a new business plan. It's where you can see the demand, interests, and competitors of the same business that you're interested. Just like in a battlefield, you first need to have enough informations that you can use as an advantage and also study who's your up against.

 

[Ehsan Ullah]

Obviously, research is the 1st step and foremost step for a successful whenever we research about the business we gonna start,we get a lot of new steps and lots of stratigies for a successful business.Concerning a person who have already such a business is a key for success.

 

[Kehinde]

The format provides you with a framework for presenting your thoughts, ideas and strategies in a logical, consistent and coherent manner. In other words the business plan format helps you to clarify your own ideas and present them clearly to others.

 

[Zamaney]

Research is important in business it make you know more about the business, how to acquired and sell the goods it also helps with the area, you are about to locate your business to which environment the business will be good to be site

 

[Tinaconcept]

Yes you are right there is no way you will know the cons and pros of a business without proper research. Therefore the first thing to do before commencing a business is to research about and asking the already existing business owners question about the business.

 

[Emma Aneni]

Making a research is the first step of any business plan, if we have complete research on that thing which are going to start we will be satisfied which things are required which efforts are required for this business so that one can utilize it according to the needs of that business.

 

[Shahid Abbas]

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?

It is very important to research before starts any business because if we get a confirmation first before starting any business, we can save from big loss and this is key step to get success in any buisness.

 

[Ehtisham memon]

I think the first step in Bussiness is whose start the business should be take the time and taking interested in our Bussiness any type of Bussiness starting step is difficult but time goes he settled our business

 

[Nurudeen]

Yes I can't agree less with you that research is the first step to a successful business. As a newbie in business who want to scale up the business as soon as possible the best way to do this is to do market research or survey to make that happen. If this is neglected it can affect the root of the business and make it less profitable.

 

[MarieArie]

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.

For every business you do, you need a business plan to run it and run it successfully. It is natural for your to make research into the market you're delving into, know your competitors, do a survey and put the necessary things to make your business successful in place.