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Researching Business Ideas

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Once you have a business idea, you must ask yourself, «Will anyone want to buy my product / service?». Market research tells you about your customers, competition and pricing, as well as your likely sales volume, costs, investment and profitability.
Ova knjiga je trenutno nedostupna
24 štampane stranice
Godina izdavanja
2011

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  • Menna Abu Zahraje citiralaпре 3 године
    THE FINAL QUESTIONS
    The key questions here are:

    Will anybody want to buy my product / service?
    Who?
    Why? (and Why from me?)
    When? (and How often?)
    Where?
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    • Menna Abu Zahraje citiralaпре 3 године
      However, even at this early stage, it is a good idea to estimate (even crudely) the minimum size or capacity at which you will make a profit – the break-even point – as well as the maximum operating capacity that you can afford to establish.
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      • Menna Abu Zahraje citiralaпре 3 године
        As part of your business planning, you will prepare financial projections for inclusion in your business plan.
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