No matter how good a business opportunity is, and No matter how good a business opportunity is, and no matter how successful a business becomes, the need for gathering, updating, and interpreting information for the purpose of benefiting from constantly changing markets – and then acting upon this information – never ends. Conducting External Research … Read more
The purpose of market research, therefore, is to gather information about a product and its demand. Knowing the size and make-up of a market is a good indicator of how potentially lucrative a product might be. Two types of data tools fulfill the second stage. Sources of Secondary Data Collection Secondary data is the easiest … Read more
These are the qualities and attributes that successful entrepreneurs often possess, but paradoxically do not always need to have: In addition, unique and sometimes conflicting qualities and character traits – often considered inappropriate in refined social settings – are also required, such as a rabid hatred of losing and a bit of obsessive behavior. Simply … Read more