Market Feasibility Study: More Important Than a Business Plan

Posted by DigiTechBlog under Marketing
From https://www.youtube.com 3359 days ago
Made Hot by: advertglobal on February 18, 2015 7:35 am

A market feasibility study is the all-important first step. After all, if the market is dying or won't allow your new venture to enter, then why bother with a business plan? No matter how strong your business plan is, if your market isn't willing to give you a chance, or is unhealthy, then you won't get anywhere.

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Comments

Written by tiroberts
2714 days ago

I love making use of twitter niche lists. It helps me segment the ppl I need to be connecting and interacting with.

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Written by AashishPahwa
2730 days ago

Excellent article!

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Written by FortuneMarketing
2788 days ago

Excellent article!! I can't believe how many business owners skip this step. Without a market there is no business and therefor no need for a plan!

Another one I see all the time is the location feasibility study for brick and mortars. Many start-up retail businesses lease whatever they can afford without doing the research on the area, traffic patterns, etc. It makes me sad to see ill-placed new businesses pop-up in areas where they are doomed to failure.

Thanks for this helpful post.

Carolyn

Fortune Marketing Company

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Written by tiroberts
3134 days ago

I love making use of twitter niche lists. It helps me segment the ppl I need to be connecting and interacting with.

- 0 +

Written by tiroberts
3274 days ago

I love making use of twitter niche lists. It helps me segment the ppl I need to be connecting and interacting with.

- 0 +

Written by tiroberts
3302 days ago

I love making use of twitter niche lists. It helps me segment the ppl I need to be connecting and interacting with.

- 0 +

Written by lyceum
3355 days ago

How do you integrate a Market Feasibility Study into your business plan? It is better to ahead of the curve, instead of entering a saturated market. The thing is: How do you check this? Could you conduct a forecast in an easy way?

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