Tuesday, March 9, 2010

DETAILED iNVESTIGATION

A business cannot be started only by imagination. So after selecting a business detailed investigation should be done to determine the difficulties and possibility of future progress. The profitability of the proposed business can be found out through market survey. Present and future competition about the decided business should be evaluated. Detailed investigation concerning the consumer's interest, income and habit of expenditure must be conducted. Detailed investigation can pinpoint whether or not the proposed business can yield sufficient profit. Though it is difficult to find out what is going to happen in the future, yet with the help of the present study, an outline of the future may be prepared. If it found profitable and feasible to start a business further consideration should be taken in this direction.

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