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How to Do Market Research
Who are your customers? Who are your competitors? What does the industry look like? Will you be able to successfully enter this market? These are necessary questions to answer with a bit of research.
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Who are your customers? Who are your competitors? What does the industry look like? Will you be able to successfully enter this market? These are necessary questions to answer with a bit of research.
While very similar to a traditional bank loan, there are specific things that you should highlight in your business plan to improve your chances of qualifying.
You can’t generate a good business plan using AI. But with a human touch, AI can still be used to help write your plan. Here’s how.
Learn how to generate key market segments using ChatGPT and how to apply a human touch that ensures accuracy while expediting your research.
Advertising, affiliate, brokerage, concierge, crowdsourcing, franchising, leasing, pay-as-you-go, and freemium are just a few examples. Learn about these and eight other common business models.
Learn the difference between industry and market research, why you may need both, and when to focus on one over the other.
Not every business idea is a winner. It may look good on paper but lacks qualities that allow your new business to grow. Learn how to identify those traits and determine if your idea is actually good.
Tools like ChatGPT, Claude, and Bard have opened up intriguing new possibilities for entrepreneurs looking to streamline the business planning process.
Financial projections are not just wild guesses about how much money you’ll make. Instead, they are based on reliable data, market research, and sensible assumptions. They show potential investors that you’ve done your homework, that you understand the marketplace, and that you’re serious about making your business a success.
Unlock advanced financial forecasting in ChatGPT with prompts to help with trend analysis, scenario planning, sensitivity analysis, and industry benchmarking.