Business Tip #3: Map Out The Details



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It’s necessary to go beyond just the surface research to answer the important questions. What are the start up costs? How will you fund this business? What are the daily tasks for that business? Some of these questions can best be answered by picking up the phone and calling other people in your market and picking their brain a bit.

If you are starting a local business it’s easy to call someone outside of your area that is not in direct competition with you, but if you are going to be competing online you may have to use other measures to get your data. There are many online research forums or groups that you can find valuable information about your market.

Even joining market specific groups on Facebook or LinkedIn will allow you to tap into valuable insights. People love to share their experiences with others in these groups so use that to your advantage. Finally, depending on your budget there are heavy duty market research firms like Hoovers.com and Dun and Bradstreet that you can tap into as well. I recommend you start with the previous suggestions first.

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Jenn and Albert are the Founders and Senior Editors of JennAndAlbert.com, which has been called "the best source for personal development empowerement on the internet today". Their videos are some of the most popular videos on YouTube. You should Fan Jenn & Albert on Facebook and Follow them on Twitter!

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