Research the first step in any business plan

[cowantussie]

Research is simply a way to find out what a particular thing is about and what it involves. One might have a business idea but don’t know on how tou do a research and enter the business and at the end it fails, that why it is very important to do a market research on the business idea you have. In business planing you first have to do a business research so you will be able to know how you are going to attack the market and form good strategies and how to plan you business so it will go on for a long time

 

[Bookwormlux]

Knowledge is the best investment you would ever do to succeed in any business. So many businesses have crashed due to ignorance by the owners. Better to take time to research than to go into the business thinking your capital is enough.

 

[nimzy]

To me research is very essential in or to start a business that is it is good to have much as expected knowledge about a particular thing or business you wished to start because with the knowledge or idea of the business you may not be able to run the business effectively as expected.

 

[FreshKaz11]

Research is simply a way to find out what a particular thing is about and what it involves. One might have a business idea but don’t know on how tou do a research and enter the business and at the end it fails, that why it is very important to do a market research on the business idea you have. In business planing you first have to do a business research so you will be able to know how you are going to attack the market and form good strategies and how to plan you business so it will go on for a long time

That's the best thing one should do before starting up the business he or she want to, because if you do more research about it you will surely know how and when to enter the customers coming to purchase from you I guess.

 

[cowantussie]

Yes that true because research let you know everything you should and want to know and it is also important in the running of the business

 

[Sotherefore]

Research is the first thing we should consider doing if you want to go into any business because it is through research that we will have a lot of ideas about what it takes to start up the business we are interested of, the research need to be for every aspect of the business including the location and every other thing that the business will need.

 

[IamDozzy]

You are very correct, before any business venture is started, a market research is usually carried out in order to determine the perfect way to penetrate the market.

 

[Alexandoy]

i like this topic because it is very sensible for the newcomers in business. Yeah, the business plan should be complete as it can be so that the businss can have a guide and a contingent action in case of problems. With the start up my contribution is the ample capital that is more than the estimated amount needed.

 

[ChrisQuincy]

Research is simply a way to find out what a particular thing is about and what it involves. One might have a business idea but don’t know on how tou do a research and enter the business and at the end it fails, that why it is very important to do a market research on the business idea you have. In business planing you first have to do a business research so you will be able to know how you are going to attack the market and form good strategies and how to plan you business so it will go on for a long time

Starting a business can be really tricky, you need to make enough research about every single thing especially from people with first hand experience. Every business has its ups and downs which means you must always be prepared for the downside of investments. I've been into various businesses, even after doing my research and getting confident, I still lost a huge sum of money. The loss is something we really must be prepared for, this phase determines if the business will last or not.

 

[Nomad]

Yes, research is the first step. However, just because you have done research does not mean you have done enough. You also need to work on other areas such as setting up a team etc.

 

[Mostee501]

There must be a research in laying down a business plan,in order for the plan to be effective at a maximum level. You can just go around guessing how things are being done, that's why a research is needed.

 

[Senator]

I think this a very valid point that research is the first step to any business. This is true because you must have seen that there are ways a certain business runs that wants to make you find out how that was possible. And you can only do this through research.

 

[Richard92]

Researching the first step of every business plan is very important when is equity in a business plan do you still help you to have an accurate business plan in your business.

 

[GIFTMICHAEL]

Research is ideal in our business career, any future entrepreneur or an entrepreneur who doesn't engage on researches before chosen a business plan, plans to fall short in the future. We need better plan execution to take our business venture high, and operate long time.

 

[cowantussie]

Starting a business can be really tricky, you need to make enough research about every single thing especially from people with first hand experience. Every business has its ups and downs which means you must always be prepared for the downside of investments. I've been into various businesses, even after doing my research and getting confident, I still lost a huge sum of money. The loss is something we really must be prepared for, this phase determines if the business will last or not.

As you know business is a risk but in other to reduce the risk that why you should do a good research. Research is not just about know few things but also find about solutions for the business when risk arises. By doing research you should try to know about other business in the market you are getting into and learn from their loss and gain

 

[Ralphjoe]

Well, researching a business is very important before you start up any business because researching the business leads you to find out if the business would be viable or if the business will actually be successful because some businesses might not work as you have planned them but with proper research and survey you will be able to know if the business will succeed or not.

 

[Kunkun]

Indeed the impact research has on the business plan and even on the business itself can be downplayed, without proper research down the road problems are definitely sure to arise so it's better to do a proper research at the beginning so as not to have setbacks

 

[Eodine]

Imagine just pumping a life savings into a bar business without proper research and on starting, you discover the area is full of religious people who don't drink, that would be such a waste!

 

[Abigael]

Research is really important at the begginning of the business. There is alot you need to know first like the market value, perfect location for business, existing competition and the needs of potential customers among others. This can be obtained through research by observing, carrying out surveys and having an experienced mentor to guide you.

 

[Sotherefore]

research is really important if you are starting up a business earlyy because it is with the help of the research that you will have an understanding of what you will face in the business you are going into,the research can give a prediction of the actual amount that is needed to run the business successfully. The benefit of research are too numerous to mention.