Upon selection of a suitable option from the list we have provided, the entrepreneur now has to make a decision:
- Start the entrepreneur journey, or
- Conduct an in-depth analysis before beginning the entrepreneurship journey
Market research helps the wannapreneurs and entrepreneurs to understand their plan, how they must proceed and whether or not the startup idea is worth pursuing. Market research will cover competitor analysis, business model creation and validation, the scope of the industry for the next 3 to 5 years, the geography they can focus on for establishing the venture and the geography they can target to acquire clients, branding and digital strategy and much more.