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Business Ideas Forum
Business strategy
How to enter a new market/industry and establish yourself.
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[QUOTE="Jasz, post: 283284, member: 61772"] 1. Choose a market that you are passionate about, but also one that is growing. This will make it easier to build your business and give you something to work on. For example, if you love shoes, then focus on the fashion industry. If you love food, then focus on the food industry. 2. Think about what your product or service is going to be and how it will help people (beyond just making money). You want to create something that people want and need, not just another product or service out there. 3. Figure out who your competition is and what they are doing well (and not so well). You can do this by looking up articles online or talking to other entrepreneurs in your field of interest. 4. Create a business plan and outline each step along the way (from idea all the way through building your first product or service). You can use templates online or use paper and pencil as well - whatever works best for you. [/QUOTE]
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How to enter a new market/industry and establish yourself.
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