In business, knowledge is power.
The more you know about your business, the industry in which it is operating, your market and the outside forces affecting your business, the more you can plan and strategise.
Specifically, when you are starting a new business, one of the most important things you need to know is information about your industry. In my online training course “How To Start Your Own Business,” I dig deeper into the need to research your industry in preparation for startup.
Why do you need to research your industry? You know what you’re doing right? You’ve probably been working in your industry most of your working life, why can’t you just hang out your business sign and open the store? Read More