Wouldn’t it be great if you could determine whether or not your business idea is likely to work before jump in with both feet? You can. Conducting a feasibility study before you write your business plan can help you determine whether or not your idea has true potential to develop into a profitable business.
The purpose of market research is to help prospective business owners determine whether or not their proposed business is likely to succeed. Hopefully, the research justifies the entrepreneur’s dream. However, that is not always the case. What do you do when the research shows that you’re barking up the wrong tree?
When everything about your business idea is right, but your poor credit history is getting in the way of accessing the capital you need to get it off the ground–what can you do?
Researching your business idea may not be the most glamorous part of starting a business, but it is essential. Putting your hands on the information you need to start your business may not be as hard as you think.