- You will need to determine whether or not there is a market for your service or product.
- You may be able to identify a need but it will only be a market if someone is willing to pay you for your product or service.
- Who are your customers?
- Why will they buy goods or services from you rather than your competitors?
- How much will they be prepared to pay?
- These questions might be difficult to answer but if there is no market for your idea then there is no point proceeding. If there is a market, it should give you a green light to explore your idea with a view to development.
- A well thought out business idea should identify a market for any proposed product or service
Thursday, September 1, 2011
0 click to comment:
Post a Comment