In the section “How to conduct your business” on Entrepreneur-Pro there is an article “How to research and segment the market?”. They said from a practical point of view how to study the market, what needs to be learned and how to determine your target audience. In this article we will talk more about the importance of market research and about the answers to which questions you should receive.
First, let’s figure out what a market is. Continue reading
Copying a business is a really powerful tool for creating a truly solid business. And let them say that this is bad, that originality and creativity are valued higher, that copying a business is inefficient, etc. More than 95% of fundamentally new businesses fail. Yes, there will be those who shoot, of course. But their number as a percentage of the number of attempts is negligible. And that is a fact.
Starting a business in a non-existent niche is not a business risk, it is just a hope that maybe you will be lucky. Continue reading
If you are an entrepreneur, then you simply have to constantly ask yourself the same question – how to increase profits? Profit – this is business. The whole point of the business is to increase profits. I don’t know other reasons for doing business. Whoever says anything. There are only five ways to increase profit in business, according to business expert Paul Lambert (the so-called Formula Five). Further we will consider them.
5 ways to increase profits Continue reading