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What are the key considerations in the early stages of establishing a business?
What are the key considerations in the early stages of establishing a business?
Business Idea Clarification, Target Market Identification, Problem-Solution Fit, Preliminary Market Research, Basic Financial Considerations, Legal and Regulatory Considerations
What are the components of business idea clarification?
What are the components of business idea clarification?
Clearly articulating the business idea, defining the product or service, and identifying what makes it unique or valuable
Why is it important to conduct preliminary feasibility analysis?
Why is it important to conduct preliminary feasibility analysis?
To answer fundamental questions about the business concept, understand the industry, competition, potential demand, and financial aspects
What does 'Problem-Solution Fit' involve?
What does 'Problem-Solution Fit' involve?
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What should be considered in basic financial considerations?
What should be considered in basic financial considerations?
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