1 step. Idea Every businessman should have an idea, otherwise what kind of business can we talk about? It is not necessary to come up with something new and supernatural, you can take an existing idea and find in it cons that can be improved. Releasing a product or service to a mature market is much easier than creating a new one!
2 step. Market analysis
After determining a business idea, it is necessary to analyze the current market situation. How much your product or service will be in demand for and for which target audience.
Also, market analysis will provide an opportunity to see the quality, prices and customer service of your future competitors. Continue reading