Research the first step in any business plan

[Psalmseen]

Yes of course. Making research on a business is the best way to get started. You really need to research the plans you have for your business. If you don't make a proper research, the business will eventually fail

 

[Josemendez]

Research is indeed essential in any business that one wants to start and thus be able to understand what need to be done for the success of the business

 

[Sotherefore]

I would like to know a personal review from this, have you ever started a business before or have you ever done something and realized you could have made more research?

Yes it was an online business, cryptocurrency trading,when I started it I didn't even understand how it work, I was just thinking that you will just go and buy a particular coin and it rises and you make profit, I lost so much at the initial stage.

 

[btaliat]

Many people do business without even taking into cognizant some information about the business by doing some researches that will aid the growth of the business. This will greatly affected the business in the long run.

 

[Jlife]

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

Most people now have gone into different type of business without doing a proper research about it,some of them are going into this business for profit , but do you really think lack of planning are the causes some business not to succeed ?

 

[Richard92]

You cannot just simply under estimate the power of research, knowledge is really important if one is to go far in life or any business venture which is why knowing what the business can offer one.

That is very true that research is the first term for every business plan you must be able to make good and accurate research to have requisite knowledge on how the business operates before you go into it.

 

[Dowenship]

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

I made this mistake last year november, i did not carry out enough research on the business i was venturing into, i feel that i should be able to o it. This was wat ampered the business till today.

 

[Haveit]

That is very true that research is the first term for every business plan you must be able to make good and accurate research to have requisite knowledge on how the business operates before you go into it.

One of the many things research would reveal before hand is that it would show the profit that can be expected from starting the business to be able to predict if it's good business.

 

[Ralphjoe]

You cannot just simply under estimate the power of research, knowledge is really important if one is to go far in life or any business venture which is why knowing what the business can offer one.

I completely agree with you that the power of research is very important in any business venture as it will be very beneficial for any business owner to first of all carry out a research about the business that he or she want to start up so that he can have a better chance at succeed in in the business.

 

[Haveit]

I completely agree with you that the power of research is very important in any business venture as it will be very beneficial for any business owner to first of all carry out a research about the business that he or she want to start up so that he can have a better chance at succeed in in the business.

That is why most business sponsors require that you provide a business plan for any venture you wish to start so they might know how good your planning is

 

[Queentener]

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

Absolutely right yeah a lot of people have this over confident attitude which usually affects business he can't know it all and that's why his advisor you make your research you ask people that are already into it you just don't say I have idea about.

 

[Emmado]

Proper research can help you to understand the type of business you are doing fully, its can also help you to understand what people will be expecting you to do for them, planning a business give you 50% chance of succeeding in the business.

 

[tyrim88]

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

When an idea comes to a potential or an already established business man,one of the ideal things to do is to carry out a thorough findings and inquiry about the terrian and nature of the intending veture which is also known as research.He needs to know about the market,the niche he intends to go into,the capacity and number of of his intending customers,funding issue,plan for continues improvement nd growth.Customer aqusition strategy.

 

[Setfragil]

Research is definitely the first step in starting a business before you consider some other things. Research helps you to know the business that is good and profitable for you to invest.

 

[Bousine123]

Sure it is. But you would also Require some form of expertise in order to roll out a proper research. If you can get a professional it would be great.

 

[Didosky]

Every business plan comes with a research on how to start.. ut is the question of ask and get to know them.. that is how you achieve it

Post automatically merged: Aug 5, 2021

Every business plan comes with a research ad getting to know where to set your building. Nearer to the market and access to road

 

[Mayox25]

Yes I really agree with you on this, research is very important when starting a business. Many things are not what they seem to be from afar,so you have to know everything about the business,interact physically with stakeholders in the business before you commit your resources.

 

[Nurudeen]

Research is very important while starting a business and it can never be overemphasized. In today's world a lot of Business are facing different kinds of challenges just because the owner of the business didn't make adequate research before starting it

 

[skyliequiz]

Research is required in any contemporary organization for anticipating early and future business possibilities. It aids in the identification of issues, allowing for informed decisions to be made on how to best address the problem.

 

[Yusuf]

Making a research about a business is very important before setting it up. With this method, it will be very easy for the investor to know if the Business is worth doing or not. The point is research can not be overemphasized