Research is the first step of any business plan

[Lekan]

Hmm we may say is the one but in some cases is not the first .this is because their is no business you want to do that has not been discover on the media so you did not need of settings plan on it you will have know how the business is going ,

 

[Maliha]

Well simple is that you can do a research For your business Before starting It Bye Having a discussion with other entrepreneurs Who are already involved in that And From your seniors That you think that they are better in that field Are they are managing it very well You can also concerned with the other business man that are giving information of providing lectures on business You can go on seminar regarding businesses You can also take some courses On business Management

 

[Osaz96]

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?

Absolutely correct, this is one mistake business owners make even before starting a business. They think of the business in their head, see the possibilities of it bringing in profit but make the big mistake of not doing their own research to know how best to go into the business. Doing research saves you from a lot of loss that you will have gone into.

 

[TopSilver]

I agree research is quite important when it comes to starting a business. Without research, it's pretty much a lost cause. Know what you are getting into and have a plan to put savings away to get it going. There's no shame in spending money if it's something you want to do but don't blow money wildly without at least devising some sort of plan.

 

[Richard92]

Before you start any business you must make good research to know how the business function, what is the minimum and maximum profit you can make per month, and also you have to also make research of the market, how to get your raw materials and also consider your start up capital.

 

[Chibson]

This is very true, if you want to launch your business you must research and plan a lot.
Businesses that lacks proper planning will not see the light of the day. Many of the big businesses you see today launched based on research and proper planning.

 

[BrolySSJ]

Absolutely correct, this is one mistake business owners make even before starting a business. They think of the business in their head, see the possibilities of it bringing in profit but make the big mistake of not doing their own research to know how best to go into the business. Doing research saves you from a lot of loss that you will have gone into.

Exactly it does help you to manage losses and to ensure that you do make a profit when you venture into that business as well. The one thing that people can do forget is that as much as a business looks profitable in your head there are changes that you will have to make in order to adapt it to the real-world application and this is what research is able to provide us with. It shows us the changes that we should make an order for the business to remain profitable.

 

[GIFTMICHAEL]

There are lots of information that that help us grow our business or company that are available online and it requires a lot of research to discover them.
Research is the only tool that can help us to avoid certain mistake and actions that can affect our decision.

 

[Diamond07]

I agree that Research is the first step of a business plan. You need to find out about your competitors, also your target market. Find out the problems of the people within your region and how you can provide solution through your product or service

 

[Kiko]

Create your executive summary. With all of this in mind, the first step you’ll want to take when learning how to write a business plan is to create your executive summary. This executive summary will be the first chapter in your business plan—it will explain what your business does, where your business currently stands, where you want to take your business in three to five years, and why you’ll be successful. Add your company overview.
The second step you’ll want to take when writing a business plan is to add your company overview.

 

[Jlife]

You are absolutely saying the right thing you need a lot of research and a lot of experience in some cases to run a stable business and if possible learn it from expert who are in the same area of business as you do, with this you have a good understanding of how the business work and how to handle it.
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You are absolutely saying the right thing you need a lot of research and a lot of experience in some cases to run a stable business and if possible learn it from expert who are in the same area of business as you do, with this you have a good understanding of how the business work and how to handle it.

 

[Akinwale701]

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?

You're right on point. Research is very good and pertinent for every business. The mistake many people who are into business for the first time make is going into a business without proper research. When they now noticed there are no sales they begin to blame anyone and everyone not knowing the mistake is right from them. Research is very important
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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?

You're right on point. Research is very good and pertinent for every business. The mistake many people who are into business for the first time make is going into a business without proper research. When they now noticed there are no sales they begin to blame anyone and everyone not knowing the mistake is right from them. Research is very important

 

[BrolySSJ]

You're right on point. Research is very good and pertinent for every business. The mistake many people who are into business for the first time make is going into a business without proper research. When they now noticed there are no sales they begin to blame anyone and everyone not knowing the mistake is right from them. Research is very important

I think that to a large extent that it is quite natural to blame others for the mistakes or failure of a business. Many put the blame directly onto the customers or the competing business, however if the proper research was done you would know how to manage the competition in therms of the business world, and also how to attract the customers to try and divert them away from the competition and towards your business. This is extremely important, and probably one of the harder concepts to achieve in any business venture.

 

[chicnthin]

I agree that research should be the first thing to do upon planning the business. It's very important to gather information first regarding certain factors like competitors and other threats, which are should they be located etc.

 

[Kiko]

The sequence of steps involved in the business research process are as follows: problem/opportunity identification and formulation, planning a research design, selecting a research method, selecting the sampling procedure, data collection, evaluating the data and preparing the research report for presentation.

Your Idea. This is how all great businesses start, as an idea. Whether you’ve just had a ‘light bulb moment’ or your idea is years in the making, you need to ensure that it is realistic and marketable. Research. You, your family and your friends may think that your business idea is fantastic but the reality is, the customer market may not. Funding. You’ve done all the ground work—now it’s time to raise the funding to get your business off the ground.

 

[Talibhussain074]

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 busines۔

Obviously, research is an important factor for starting any business. Research is a first step before starting any business. Whether business is online or offline research is an important factor. When you want to set up a business, you will first check its background. Location will see where to set up a business. Research gives us an idea how to plan a business.

 

[Denuola]

Questionnaires​

Questionnaires are a good way to obtain information from a large number of people and/or people who may not have the time to attend an interview or take part in experiments. They enable people to take their time, think about it and come back to the questionnaire later. Participants can state their views or feelings privately without worrying about the possible reaction of the researcher.

Interviews​

Interviews are usually carried out in person i.e. face-to-face but can also be administered by telephone or using more advance computer technology such as Skype. Sometimes they are held in the interviewee’s home, sometimes at a more neutral place. It is important for interviewees to decide whether they are comfortable about inviting the researcher into their home and whether they have a room or area where they can speak freely without disturbing other members of the household.

Case studies​

Case studies usually involve the detailed study of a particular case (a person or small group). Various methods of data collection and analysis are used but this typically includes observation and interviews and may involve consulting other people and personal or public records.

 

[Josemendez]

Indeed , research is very crucial when one wants to start any business , because it will provide him with the tool needed to tackle many issues that are bound to rise during the course of starting the business .
It also helps in knowing whether there is market demand for the business

 

[redpogi16]

Yes if you want to start a business or company you should research first find out what consumers needed and necessary. After researching you should create a plan on how to are you going to execute your research. That is how researching is very important in business.

 

[Joseph555]

As long as planning is necessary it is worthy of note that research is also necessary in business planning therefore any business without proper research is bound to fail.
Moreover no one should avoid his or her business a good present program