Once you have a business idea, you must ask yourself, «Will anyone want to buy my product / service?». Market research tells you about your customers, competition and pricing, as well as your likely sales volume, costs, investment and profitability.
Will anybody want to buy my product / service? Who? Why? (and Why from me?) When? (and How often?) Where?
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However, even at this early stage, it is a good idea to estimate (even crudely) the minimum size or capacity at which you will make a profit – the break-even point – as well as the maximum operating capacity that you can afford to establish.
Menna Abu Zahraцитує3 роки тому
As part of your business planning, you will prepare financial projections for inclusion in your business plan.