Sunday, December 02, 2007

Market Research a Must

Few friends of mine have been saying that we should start a small business here....rather than idling our lives away. The idea sounds great. But what business can we embark on? One that is interesting enough to keep us motivated, can earn us the moolah, as well as allow us to work on a part-time basis? On top of that, effective and extensive market research needs to be conducted for our business to be successful. For example, initially...I had an idea of starting up a local English Language magazine for kids here. But market research shows that the fluency of this language is rather low in the general population, and such a magazine would not be viable at all. So that idea was scrapped. Yeah. I know...what a bummer!

No comments:

Lilypie 6th to 18th Ticker
Lilypie 6th to 18th Ticker