Quote from: Scarlett_23 on Today at 09:14:32 PM

Quote from: kotajikikox on Today at 01:19:40 PM

The most important factor to consider when starting to build a business is the target audience. You have to think of who would you want to cater to. Who are the communities that you may profit off of. Like for example if there is a school near you, you should know that students would be your target audience. You should start a business where students can buy materials from or a place they can study or even hang out around. I believe that if you studied your target audience, the first step of your business is already successful enough.

Of course, the most important thing in doing business is to know the customers and who they are, what they want, and try to fulfill their needs. And you have to choose a place around them. Moreover, you have to pay attention to the location of the competitors in the vicinity.

If the shop is next to a school, then that shop should be a little bigger than the competitors. Because the number of customers in large shops is more.

Factors such as customer expectations, store location, and more need to be known in advance and detailed research should be conducted. Anyone can want to open a business, but thorough analysis is essential beforehand. There are many factors beyond those mentioned. It's advantageous to thoroughly analyze your target audience and tailor your business to their needs. It's important to be aware of this before starting a business.

A planned approach is always advantageous. Analysing the requirements for a business and proceeding with a plan can make it easier to achieve success.