Conduct thorough market research from "summary" of The Business Idea Factory by Andrii Sedniev
To ensure the success of your business idea, it is essential to gain a deep understanding of the market in which you plan to operate. This involves conducting thorough market research to gather valuable insights into your target audience, competitors, and industry trends.
Market research allows you to identify the needs and preferences of your potential customers, helping you tailor your products or services to meet their demands effectively. By understanding your target market, you can develop a unique value proposition that sets you apart from competitors and attracts customers ...
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