06-15-2024, 06:49 PM
(05-30-2024, 12:07 PM)Warren Wrote: The most important thing is to identify what the market needs. You can do this by conducting thorough research. Create a detailed business plan with clear goals and financial forecasts. Secure the necessary funding and select the right business structure. Build a strong brand and develop a marketing strategy to attract customers. Ensure smooth operations, from managing supplies to excellent customer service. Continuously track performance, adapt to market changes, and innovate. Focus on customer satisfaction and prudent financial management to achieve lasting profitability.
You are right. Finding out the needs by those buying can make you sell easier, and that is what I have always enjoyed with proper market research. When you find out what they need, you can be able to make better returns at the end of the business cycle.