1. Conduct Market Research
Conducting market research is essential to determine if there is a viable opportunity for your business idea. This involves gathering information about potential customers, existing competitors, and industry trends. Understanding the market landscape will help you identify a competitive advantage.
2. Write Your Business Plan
A well-structured business plan serves as the foundation of your business. It outlines your goals, strategies, and operational plans. A solid business plan is crucial for attracting investors and guiding your business’s growth.
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