Research is the first step of any business plan

[Ub40]

Definitely, research is very important both for new and existing business. Research is defined as the systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions. From research you can find out so many things about a particular business be it online or offline business. It can help you plan very well.

 

[oluwaseun tope]

Yes I agreed with you because before you start any business firstly you have to The in and out of the business make findings on the business before going into any business so that you will not run at lo

 

[Presh1503]

That's absolutely true,when starting a business research is very important it helps the entrepreneur determine the quality of products and the other raw materials involved with the capital involved also

 

[shakky2]

research is surely the first step of any business plan because as a serious minded business personnel,you have to make findings regarding the type of business you want to venture into and what it will take capital wise to develop such business

 

[MizzLala]

Research has to be central to any business idea. That paired with proper planning are a great starting point. I would strongly suggest sounding out a focus group as part of your research. As obvious as it is to me, I don't often see businesses engaging focus groups made of the target audience. But this is a very important group of people who can raise ideas that speak directly to your offer, ideas that you may have overlooked.

 

[MarieArie]

It can be stressful to start a business. It often feels like at the same time there are 1,000 things to work on all. For new small business owners, there's no avoiding this reality, but with a little planning, it's possible to manage expectations and take actions to build your business with a sense of purpose.

 

[Mostee501]

I totally agree with you and is the key to any business success. In researching you get to find out more information that you were never aware of and it helps to prepare for the risks involved in the business.

 

[Jesuyemi 08]

Yes I totally agree that making research about whatever business you want to do is the best.. If you don't make researches about the business,you can later loose all your money into it and come back with nothing to show.

 

[Abelcairo43]

That's true. Research is always the first time into commencing a project. Before a business is being started, a lot or research must be done about the resources needed for the business; how much they cost, where quality ones can be gotten. Also, the customers for such products must be looked into to be sure whether the business will make sales or not

 

[Yasmin]

The business research process entails learning everything possible about a company's customers, competitors and the industry. The major objectives of the process are determining what products or services to offer, which customers are most likely to buy them, where to sell them and how to price and promote them.

 

[mayreeh38]

Business owners are the first best source of your research. Especially those who are of the same business group as you. Then the internet can provide you with extra details. You could also go to the intended area you want to start your business and enquire if such business moves there.

 

[Nimra Noor]

It is of utmost importance to make a research before venturing into any kinds of business be it local or international, research will make it possible for you to know whether the business will be profitable for you or not, it will enable you to make a better prediction about the business, after a good research about a business you will know your money with you will be enough or not, and it will help you know whether the business will make a sale on your location.

Yup it's quite important tasks which many people don't pay heed before starting a business we have to research first that the business which we are starting is profitable in our country or not means it's market value or we have it's proper knowledge or not and if not then first we should have to research about it enough then start it

 

[afolabitope]

Yes, research is the first thing to first do about any business that you want to going into, because during the researching you are going to know more about that business very well, the challenges you are going to face during that business and you would also know the solutions to that challenges. research would help you to overcome any challenges that comes your ways.

 

[Segshowee]

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?

I concur research is the first step of any business plan. Next after conceiving a business idea is to carry put research to determine the product acceptability. It will also help in determining product output.

 

[Adeyoola7]

Yes research is first thing that must first come to our mind
Market research implores you to dig deep into why your customers buy products. Every business needs customers. ... Studying who your customer is and how to solve their problems is a must. And by using market research examining current buyers, competitor's customers, social norms and buying behaviors — you can do this.

 

[Milz]

Market research is very important in business. Listen to about it this way you want to begin a business you have to go and see what your competition is actually doing in the business. Even when you get the products that you feel will move the market, test it and see how customers react to it

 

[jimmann247]

Survey is quite important to get detailed about any business you are about going into, it will help know how you will go about the new business, and majorly you must get experience on the business if you must succeed.

 

[Ridorz]

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, you are making point of what you say. Research is very important and it's a imperative thing to be done before starting of a business and even when business existing. Because research it the what will let you know which location suitable for your business.

 

[Ojonuyo]

Yes, I agree with you on this, research is the basis of every business. This is because you can not venture into any business that your are not knowledgeable about hence you need proper researching to succeed in youf business.

 

[Neeta313]

Exactly, research should be the first step of a business plan, before eventually venturing into the business. If you don't have knowledge about a business you cannot succeed, you need to conduct your research, find out about other people who have done the business, try to know what you will be able to achieve from the business and if it is something you would be able to do, so that you can put your mind into it and become successful in it.