This week is for budding entrepreneurs and start up businesses.
I have extracted this mini-training video from my online course “How To Start Your Own Business.”
In this video I will assume that you have established the “why” of you business – your vision of it’s place in the world, why it needs to exist, why the passion you have for the solution to problems will lead you to success.
From there I deal with the “what” in this mini-training. We will look at detailing your business idea and then research the industry that it fits into. You will drill down into what makes up that industry and find a niche. You will look at demand for your product in that industry or niche, what competition is out there and what barriers to entry exist. This is the “feasibility study” that you need to do. Read More