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16 Techniques how to research the opportunity for startup business: [Video]

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Entrepreneur Tips

16 Techniques how to research the opportunity for startup business:

1. Have legal representation.
2. Have financial representation.
3. Make your own independent survey of other owners of business opportunities sold by the parent company.
4. Contact competitors.
5. Check the credit of the seller.
6. Be sure you understand everything you’re signing.

7. Promote the opportunity on your web presence

8. Research your USP
Customers will only stop buying from other businesses in favour of yours if you offer something better or different.

9. Update your business plan

10. Reevaluate your strategy to market
This one’s really simple – how will you sell to your customers? What’s your route to market?

11. Find out Potential partners
Who could you benefit from working with? Forming a relationship with a business in another sector could help you tap into a whole new customer base.

12 Opportunity requirements

13. Opportunity Insurance

14. Skill gaps, experience and training

15. Technology usage

Audit your business plan to figure out what technology will enable you to do five things: save time, save money, stay in control, make more sales and deliver a better service to your customers.

16. Mentors
There’s nothing better than having an experienced business mentor to turn to for guidance, or simply to bounce ideas off.

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