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Posts Tagged ‘Market research’

Dear aspiring Mumpreneur, I’m writing this open letter to you to outline some crucial points that I wish someone had laid out for me. I’ll keep it as short as possible because I know your time is precious but I’m sure that if you read this through, you’ll save a ton of time in the long run.

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I set up my first business during the recession of 1990. At the time I was given some great advice, though initially I didn’t fully appreciate its value. I thought it might be useful, given the current economic climate, to pass this advice along…

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Market research is an essential part of any business plan, whether a fledgling business or a multinational organisation. Knowing that there is a sustainable market for your product and understanding what your audience expects from you is vital to a successful business launch.

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Penny Power, founder of Ecademy.com, explains why anyone starting up a new business should be active on social networks. Are you already using social networks to get your business off the ground?  Please share your story.

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Researching a business’ market has never been more important. Primary market research gives you a better and more precise idea about your market. It gives you precise feedback about your precise project on your precise market. Online market research eliminate costs involved with face-to-face, postal and telephone data collection and is now affordable for start-ups and not only limited to major groups.

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The current economic climate is having an impact on businesses large and small. Many are suffering while others are discovering new opportunities. In fact, some people who have recently lost their job, be it through redundancy or otherwise, are thinking about launching their own business. What is clear is that the uncertainty in the economy means that researching a business’ market has never been more important.

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