While survival in the UAEmarket has seen hits and misses, entry into the market itself is anentirely different story.
Start-ups have to strategizeaccording to their target consumers and plan their financials to meet theoperational expenditures. Research conducted through research articles orpublished papers, with the target audience and interviews with the competitorsprovides the market scenario that can be used to assess thepotential, the viability or practicability of a new business. This alsoprovides the necessary steps to determine whether a business idea islikely to succeed, or in business terms, if a business is feasible ornot.
A few tips to consider for aStart-up;
Conduct A Market Research
- Conduct a Market Analysis
- Consumer Analysis
- Location Analysis
- Supply Chain Management
- Competitive Landscape
- Future Marketing and Advertising Strategies
- Organizational Structure
Plan Your Financials
- Make your Assumptions
- Inflow & Outflow Analysis
- Capital Expenditure (CAPEX)
- Operational Expenditure (OPEX)
- Profit & Loss
- Balance Sheet
- Break-even Analysis
A Market Research & Feasibility Study toforecast your actions and financials ensures higher growthpotential.
To hear more about our businesssuccess stories with turnovers of millions in a span of two years,feel free to drop an email to firstname.lastname@example.org or contact +971 52 9612734.