If you have not done any of the following in your business, you may have some issues or problems with generating some profits and sales through it.
To succeed with your business, you will need to
|●||Provide some value as a product or service that your targets would want or need|
|●||Have some uniqueness or a unique edge that would provide your targets/customers with a reason to prefer your business, product or service to your competitors|
|●||Determine if the business (the idea you want to turn to a business) is potentially profitable, that is, you will need to determine if your chosen business/idea is worth your effort, money and time before you start|
|●||Determine if there is enough/substantial demand for the value you may wish to provide as a product or service to your targets before you start|
|●||Determine how much money you will need to research, set up and run your chosen business within a specific period of time|
|●||Determine if you can afford to start and run your chosen business within your selected/chosen specific period of time|
In order to be able to do all these, you will need to do some research on the niche you would want to sell to, you will also need to choose some targets, research your chosen targets, determine the amount of time, skill, resources, tools, expert help/advice and training, that you will need to achieve your profit goal.
You can determine each one of these by yourself, with the help of your employees and/or through outsourcing.