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Business Ideas Forum
Funding a business
How to determine if you have a profitable business idea.
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[QUOTE="Yusra3, post: 340917, member: 31907"] Whether one's business idea can be profitable is explored via market research and careful financial analysis. Identify your buyers and demand for your product/service and assess who will want to purchase it. Evaluate your competitors and determine your relative advantages. Estimate a realistic receipts and expenditures, including possible startup/operating cost. Make sure your pricing aligns with profitability, but also is competitive in the market. Discover more English lessons for learners at englishlesson.io Lastly, create a sustainable business strategy including future growth initiatives. If the objectives are aimed at showing the exploitation of the long-term saleability, then you, most probably, encounter developing an interesting entrepreneurial idea. [/QUOTE]
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Funding a business
How to determine if you have a profitable business idea.
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