Research is the first step of any business plan

[ranaabubakar263]

Research is the first step of any business as it plays a very important role because if you want to start a business you can make a profit if you know it well. If You don't know it well, you can't get good profit.That's why first you research it then start a business.

 

[Hdre3m3n]

Research in business is somethjng many business always do before commencing a business.
Research is something that makes business move closer to customer.
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Research is something very essential in business environment because with research the business knows everything that the market and customers needs.
Research also brings the customers close to the business.

 

[shakky2]

research bring the first step of starting a business is absolutely true because if you research on the business it will give you less problems to deal with.for instance if you are starting a building materials business,you need to source for reliable dealers that involve in quality as well as reduced price products

 

[Adegbindin Abdullahi]

Before you go into a business you have to first do a through research in order to known the do and don't of the product. In today's world research has even been made easy once you go online you will see numerous information about your product

 

[Tariq Shehzad]

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?

Research is very useful in any type of task that you want to get starting and in business inauguration is the most preliminary step for carrying out business activities.

 

[Seun4luv]

This opening section kick starts your business and briefly outlines the key points of your business plan. The goal here is to explain what your company does and why it will be successful.

 

[Abigael]

Yeah, research is truly very inportant before you start any kind of business. It shows you what the market so that you can provide it. So one needs to take time first to do alot of research before venturing into any business. This research can be done well by talking with people around you and handing out survey questions.

 

[BrolySSJ]

Yeah, research is truly very inportant before you start any kind of business. It shows you what the market so that you can provide it. So one needs to take time first to do alot of research before venturing into any business. This research can be done well by talking with people around you and handing out survey questions.

Taking the right amount of time in order to do research is very important. Some people just tend to rush into a business idea and trying to conduct the research base of it as quickly as possible in order to try and generate their profits as soon as possible as well. However when it comes to any business venture that you may go into it is important to note that it needs to go at its own pace and therefore you cannot rush it. As you said here it does take time and you must conduct a lot of research before you even consider getting into the business.

 

[Adetayo100]

This opening section kick starts your business plan and briefly outlines the key points of yourplan. The goal here is to explain what your company does and why it will be successful which is why you need to do an extensive research before starting a business

 

[Adebayonle7]

Very true points and explanations up there! Research opens the mind and enlightens and expands an individual's reasoning. A business should be researched widely before undertaking it. You should be able to completely know its pros and cons before beginning. One has to engage or participate in such researches that gives confidence that you will succeed and completely eradicate the fear of failure that often accompany new businesses.

 

[Zevin]

In my opinion, research is the second step. Business begins with an idea. The Idea is to sell X product, providing Y service. Once you have the idea, you begin research. The research involves finding whether the X product and Y service have market value or not, whether other businesses are selling the same services and products or not, etc.

 

[Adexgrace]

Business needs proper planning and enquiry to promote an helps In the business. Lots of businesses fails because people don't have the enough and proper information of how the business should be operated. All proper enquiries are very important.
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Business needs proper planning and enquiry to promote an helps In the business. Lots of businesses fails because people don't have the enough and proper information of how the business should be operated. All proper enquiries are very important.

 

[Caali]

The mistake most commonly made is to start with the product or service you want to provide, and working outward from there. This is the wrong approach. The best way to research a business plan is to start with the market first. Understand the size of the market you are trying to enter, the issues or problems that these customers need to have solved, the current solutions to these issues, and then, ultimately, use this information to determine what product you will offer, how you will price your product, how you will protect yourself from competition, etc.

 

[Damismiling]

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

You are very correct, research is the first step of any business, proper and adequate research on what, how and why the business is needful, to create all round readiness for the business and ensure the business is able to Meet up with expected demands

 

[Tinaconcept]

Yes of course the most and first important thing on business is research after you have researched and heard from the existing business owner you can now go ahead and find out about location this too can be included in research too.

 

[Felixko]

When one to start a business first and famous he will have to require some knowledge about the business which he is coming to do like how much he will need to start with ,how us the profit ,what are the challenges which is research in order to be a successful business man.

 

[Noor khan]

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 definitely its 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 to achieve a awesome and better results on time.

 

[Kayzzy3]

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?

To say the least, you submission was straight to the point, timely and ultimately undeniable.

Nothing can replace research and survey in the introduction of new products and businesses, demand has always been a great driving force for businesses, products and even idea, and you know demand and supply by doing a research and survey of the targeted market.

Not paying attention to those is calling for no business or failure.

 

[EMMANUEL]

Research is a framework or blueprint for conducting marketing research. It details the procedures necessary for obtaining the required information, and its purpose is to design a study that will test the hypotheses of interest, determine possible answers to the research questions, and provide the information needed for decision making. Decisions are also made regarding what data should be obtained from the respondents.

 

[Senator]

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?

Research being the first step plan before starting a business might not be too correct from my angle even if is not totally wrong.
I think the first step should be knowing what you want, agreeing with yourself spirit soul and body of what you want, this is the motivations that will lead questions leading to getting answers that will cause a research.