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How to evaluate a business idea before initiating
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[QUOTE="btaliat, post: 251792, member: 26390"] Many people do not evaluate their business idea and this is the major reason why the business doesn't perform as they are expecting. It is a good thing to have a business idea but it is another thing to have an idea that's working. If not, there will be frustration when we are unsle6to fix the business idea. We need to know the reason why we want to set up the business. Do we want to create a problem and then solve the problem ourselves? Many have done this. Most tech company may intentionally set up some virus having found antidotes. Does your business want to solve the problems created by the society. Setting up an educational institution mean you want to solve the problem of illeteracy Who do you want to target should be the next thing in your lips. That's the potential buyers. You need to know the right person to sell your products to. It will be absurd of you are dealing with sport wears and you are targeting old people or you are selling TV and you are targeting the blind. The cost and where to get it should be bothering you. Do you want to borrow, obtain loan or even personal saving. [/QUOTE]
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