To research market’s key demographic, geographic, psychographic and behaviouristic characteristics.
To identify potential cusTomers.
To identify cusTomer’s preferences.
To identifying key trends in their market.
To use business direcTories, web searches, local knowledge and industry associations To research your competition.
To identify and forecast these expenses and revenues accurately.
To develop a strategy and an action plan.
To set priorities and targets.
What opportunities exist in your environment that you can benefit from?
Do you have a clear idea of what you are trying to sell and the location you plan to sell it from?
Who are your paying customersand how much do youknow about them?
Who are your existing or potential competitors?
Who are yours suppliers, support and business contacts?
Have you set out a clear plan to resource the business?
Did you made research for financing your business? The most suitable financial package for development of your business will depends on; your business type, what you need the money for, your location, assets within the business.