Do you want to do market research on a product idea but don’t know how? If YES, here’s how to do market research for a business plan before starting a business. Turning a new business idea into reality requires financial investment. You have to invest some funds before your business idea can start making you…
Do you want to start a business but don’t want to do so without a plan? If YES, here’s a guide on how to conduct feasibility study and write a detailed report. Feasibility studies, also known as feasibility analysis is a very important step in the entrepreneurial process. It is one of the activities that…
Is a feasibility report the same as a business plan? What’s the difference between a feasibility study report and a business plan? Can a feasibility report be converted to a small business plan? Well, I will advice you read on to find the answers you seek. Now there seem to be a mix up between…
Choosing a small business location is an issue most entrepreneurs approach with a pinch of salt. Many small business startups, in order to reduce expenditure usually settle for a cheap location. Others believe that location doesn’t matter provided the product is right. However, getting a good location is very critical to the success of your…
What makes a business opportunity feasible? How do i find the best business to start? How do i identify a good business idea or opportunity? How can i determine the profitability of a business venture before investing in it? I advice you read on to find out. Everyday, I come across entrepreneurs who are so…
How do you conduct a risk assessment on an idea when writing a business plan? Or you need a sample business risk assessment template? I advice you read on. Every business involves some risks. This may be little or much depending on the type of business as well as many other market factors. Identifying, outlining,…
Are you about conducting market research for your business? If YES, here are 10 ways socio-cultural factors affect your business and what to do about it. Being in business is not only about knowing how to make sales and generate great profits, but it also involves understanding the environment you intend establishing your business. A…
Are you conducting feasibility study on a business and need help doing the analysis? If YES, here is a complete guide on how to do technical and manpower analysis. Starting a business is not as easy as it sounds because startups are amongst the number of businesses that fail within the first 3 years of…
Are you conducting feasibility study on a business project and need help doing the analysis? If YES, here is a complete guide on how to do risk and sensitivity analysis. The rate at which businesses fail can be traced to lack of business training. Most people jump into a new business once they notice that…
Do you want to uncover the hidden gems and strategies of a company CIA style? If YES, here are 7 steps to conducting a thorough SWOT analysis on a company. SWOT analysis is a strategic planning technique used to help a person or organization identify their Strengths, Weaknesses, Opportunities, and Threats relating to business competition…