Research is the first step of any business plan

[Richmond funke abosede]

The planning process determines how all the assets of the company will be marshaled to achieve the goals and objectives. Thorough planning allows financial resources to be used wisely, and for the human resources of the company to be as productive as possible.This research will involve finding out from people how they are likely to be exposed to marketing for their product

 

[Rashid]

Yes absolutely right said by your side. Research and survey about any business will lead us to get better plan of this. If we research about any business online we will get some information about business, it's advantages and disadvantages, and drawbacks. So we should also consult with Experienced person . After that we will able to take right Decision.

 

[Briangsam]

Absolutely, it is. Before any business plan or even venturing into any business, researching first is the smartest thing to do. Ask questions preferably from people in the business. This will help to avoid early mistakes they made while entering the business as a newbie like you.

 

[Sarfraz Ali123]

To setup any kind of business research is very first step without researching your business may be fail. Follow the following steps for good research.
Step 1: Identify the Problem. ...
Step 2: Review the Literature. ...
Step 3: Clarify the Problem. ...
Step 4: Clearly Define Terms and Concepts. ...
Step 5: Define the Population. ...
Step 6: Develop the Instrumentation Plan. ...
Step 7: Collect Data. ...
Step 8: Analyze the Data.

 

[Folaham]

Absolutely. Research give you the opportunity of getting to know all that it is about the new business one proposed to venture into. With research, one can answer the "Five Ws" and "one H" or the Six Ws questions whose answers are considered basic in information-gathering. They include Who, What, When Where, Why and HOW. With these one can be sure of going into any business with adequate knowledge thanks to research

 

[BrolySSJ]

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.

I do understand where you're coming from and having a sense of agreement with yourself and the passion in order to go into this business venture is a very important step in order to know what to research in the first place and to know whether you will be able to see it through to the end. So I do understand and agree to a large extent with what you are saying.

 

[ahmedo24]

Having an a business idea is the first step of starting any business then concieve it, motivation follows then research which also the same as feasibility studies which enable you to know more about the opportunities and challenges about the business

 

[BrolySSJ]

Having an a business idea is the first step of starting any business then concieve it, motivation follows then research which also the same as feasibility studies which enable you to know more about the opportunities and challenges about the business

Sometimes it could be the research that you do that cudl actually be the cause of that spark or that triggers the idea that you want to venture into for your business. And therefore I think that sometimes the idea and the research can work hand in hand, because research may actually be the cause or be the provider of the idea that you have for a business. Sometimes there are problems or shortages that we are unaware of and research makes us aware of this.

 

[Ibrahim1]

Yes you are right that you have to do some research before jumping into any business because if you didn't do the research I can bet it with you that if you jump into the business without research you can't last because the research also will give you knowledge of what you about to do and how you going to conquer any issues coming your way

 

[Hammad1245]

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.

Yes you are right. We should consult experts in the field. A new person in any field is unaware of many damages. The results can destroy his business. Thus you can say it is very helpful for starters

 

[jay]

With or without any intuitive knowledge, for you to go into any business you will have to study it. Because research can help you know the amount of time, capital and location for the business to thrive most. When you have done a constructive research, the little challenges you may encounter will no be heavy for you again.

 

[MRizwan530]

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 common thing it's a company is going to launch something in the market first he will take survey so throw survey he can get the information and priorities of people about that product throw this he will be able to judge the profit from louching.

 

[kayode10]

Research will help you to understand the market very well. it will let you know the level of competition you are going to meet in the market you are going to. it gives you the opportunity to develop unique selling proposition which you can use to have age over your competitors. market research is very important for any entrepreneur who wants to be successful in their businesses.

 

[Naina]

Yes: resrch is the ist step in any busniss. When start in any work we servy in all about this work. Sometimes the research are very important because we have encouraged our knowledge about our work.

 

[Odebunmi ajewamiri]

Very important to make research before venturing to any business know what people want , what you want to produce is it really needed I'm that environment is the mean of transportation good enough/ convince to distribute it to other place where it really needed , how good / weak are your competitors this and more are needed before you venture into any business.

 

[Ebensco]

You can boost your research by talking to business owners in the same line 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

 

[Doradorwa]

I don't see any reason why anyone going to any business without making proper research. Knowledge about the business for hand is very important you speak to people that have been there familiarise yourself with it and survey the business environment this will help you know it businesses for you.

 

[FreshKaz11]

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?

In the real world,anything you want to venture into ,you must do so much research on it if you really want to progress on it . so you must do a lot of research both online and offline .. What I mean by offline is you going to meet the people doing it one on one physically,so you guys could chitchat. With that they will explain more about it to you.. Thank you

 

[Janita]

Research is really important for starting plan and specially about business research and proper planning is necessary.
We cannot work or start established business untill or unless we have not made the decision and plans related to work.
If a person wants to start business so whatever he is going to produce in its company we had proper plans and research about the production.

 

[Ayokex]

There are many important requirements t and steps in business creation and one of them is research and development. Whoever there is going to establish any business has to get involved in thorough research of the proposed business. you cannot go into business that you have no knowledge about because failure is inevitable. It is important you first go around and gather the necessary information about how the business is being run, you can find out from the existing business owners, how they are doing it and they're making success from the business.