How To Conduct A Market Analysis For Your Small Business

Market Analysis For Your Small Business

How To Conduct A Market Analysis For Your Small Business No two businesses are the same, a successful strategy planned for a business may not work out for another business. This is because every business is unique and needs a focused market analysis to arrive at a suitable plan. The research service has to be customized based on the individual needs of a business, for which, you can consult market research survey companies in Singapore. Big business houses will have…

Singapore Tourism

Singapore Tourism Singapore in recent time has been well placed on the bucket list of millions of international visitors’dairies. With super-fast transport systems, diversity in culinary tourism attracted more visitors in the past few years. Sky high retail centres, nature parks and national reserves, providing outdoor and adventure activities are major engaging factors tourist attractions. Singapore was known to be a good place for short-stay destination, however now the country working keenly to break that jinx and have long-stay visitors…

Overview on Feasibility Study & Its Importance

Overview on Feasibility Study & Its Importance

Overview on Feasibility Study & Its Importance A feasibility study is conducted in order to examine if the proposed business idea or venture can be applied practically. The key function of this study is to verify if the business can be implemented and continued. The business can either be a startup, expansion of a current business or taking over an existing business. Conducting a feasibility study helps in determining if the proposed business can sustain for a long term and…

Importance of Drafting a Business Plan

Importance of Drafting a Business Plan

Importance of Drafting a Business Plan A business plan is critical for any new business venture, but is often neglected as the Entrepreneurs do not completely understand the depth of the benefits that they provide. Some of the major advantages that a business plan could provide are listed below Clear Objectives The business plan can be used to specify and manage measurable objectives such as sales, website visitors, new product launches, consumer reviews etc. This can be used to define…

Importance of Conducting Market Research in Singapore

Importance of Conducting Market Research in Singapore

  Importance of Conducting Market Research in Singapore Market research is a critical step that involves collection and analysis of data about the target market, product/service demand, competition and the environment in which the business is setup. These information that are gathered through the research provide valuable insights which are critical for taking strategic business decisions. A report published by Forbes suggested that approximately around 90% of the startups fail within a year from of starting their operation. On doing…