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Thursday 7 March 2013

CREATING A NICHE OR BLENDING WITH OTHERS ? WHICH WAY DO YOU CHOOSE ?

Finding a niche and converting your opportunity into a market niche isn't often more difficult than said. Blending in with the already existing market set is often easy and done but the questions is which way do you choose to follow?  A good start up or venture business Will need to identify these questions and try to answer it properly by making the appropriate choice.
 
Identify your market, map out you niche stick to it. Turn it up by improving even better than you do. Find out what other players are doing in the area, and find a way to do same in the more different if not very creative way.
 
Do your feasibility study and market evaluation of your entry niche market. keep your cost down and embrace all upwards profit maximisation. Have in place a solid business plan with flexibility to adapt to change. Source your funding if you have none, or approach a good bank for advancement.
 
This articles is basically for new start ups. In the event forward we will be looking at progressive method improving of your day to day simple business solutions.

 

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