Market research
If you’re about to put large amounts of money into a new business, it pays to do some research first. Understanding the right numbers is an important part of this
Doing your market research is key in understanding whether your new business is going to thrive or dive in the market.
Find out exactly who your customers are and how much they are likely to spend on your business. See who your competitors are and find out what will give you a competitive advantage over them.