Research Your Business

One of the keys to a great business plan is researching your prospective market. Will the people you are selling to really be interested in your product? How do your competitors do and when are their "Red" times and "Black" times? Market research is a great tool in writing a great business plan as well as a good personal plan for your product or service. I would hope that no one would ever try to open a new business without having taken the time to do the proper research and market analysis and research absolutely needs to be included in that.