How to Set up a New Venture?
Post 1 of 12
What research should be done before starting a new business venture?
Is it wise to engage a professional business consultant to do the research?
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21 Jan 2007 06:36
Post 2 of 12
Replying to [Kirk007]: Get a good idea, a good lawyer and a good accountant.
21 Jan 2007 06:40
Post 3 of 12
Replying to [Kirk007]:At the very first place you need to decide your budget. Second your area of Interest.
I will not suggest you to hier a professional, instead I would like you to take help of "Udyamita"
I will not suggest you to hier a professional, instead I would like you to take help of "Udyamita"
22 Jan 2007 04:24
Post 4 of 12
Replying to [Kirk007]:
1) Need Good consultants, Accountant to overview your current status and give you healthy advise for it's benefits and drawbacks.
2) Your Funds, Your capacity How much you go with them
1) Need Good consultants, Accountant to overview your current status and give you healthy advise for it's benefits and drawbacks.
2) Your Funds, Your capacity How much you go with them
22 Jan 2007 18:50
Post 5 of 12
Replying to [Kirk007]:
The first thing you need to figure out is what product(s)/ Service(s) you wish to be dealing in. Until you make this decision you really can't do anything else.
Find a market to fill before you do anything else. Not much point if you get into something and THEN try to figure out if there is a market.
The first thing you need to figure out is what product(s)/ Service(s) you wish to be dealing in. Until you make this decision you really can't do anything else.
Find a market to fill before you do anything else. Not much point if you get into something and THEN try to figure out if there is a market.
24 Jan 2007 12:48
Post 6 of 12
Replying to [Kirk007]:
What research should be done before starting a new business venture?
Not sure what kind of venture....?
Bring your samples, walk, and talk to the people related to the venture. If you are in the food business, talk to the restaurants or grocery ppl. If you are in ABC business talk to the ABC suppliers, sellers, buyers etc.
Do your own survey. Get a pen make a simple survey form. Go downtown, distribute FREE samples and survey.
Feel the market first.
Is it wise to engage a professional business consultant to do the research?
a small Yes if you are rich enough to engage it. a big No, because hand-on experience is better than letting someone doing it for you.
What research should be done before starting a new business venture?
Not sure what kind of venture....?
Bring your samples, walk, and talk to the people related to the venture. If you are in the food business, talk to the restaurants or grocery ppl. If you are in ABC business talk to the ABC suppliers, sellers, buyers etc.
Do your own survey. Get a pen make a simple survey form. Go downtown, distribute FREE samples and survey.
Feel the market first.
Is it wise to engage a professional business consultant to do the research?
a small Yes if you are rich enough to engage it. a big No, because hand-on experience is better than letting someone doing it for you.
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About Our Company
RYU MEI CO LTD
Ryu Mei is a health and food trading company in Kobe, Japan. Ryu Mei a Japanese food specialist company with products like Kurobuta (Berkshire) , Wagyu (Kobe Beef) , Shochu, Organic Green Tea and Black Vinegar Ku...
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25 Jan 2007 08:37
Post 7 of 12
Replying to [Kirk007]:
Please read Topic "Market research" which was posted by me to "Sales and marketing" forum. Thst topic will be useful for you to get some idea about Market research and to set up new venture.
![[em1]](http://img.alibaba.com/images/eng/style/icon/emoticons_smile.gif)
![[em19]](http://img.alibaba.com/images/eng/style/icon/emoticons_great.gif)
![[em20]](http://img.alibaba.com/images/eng/style/icon/emoticons_victory.gif)
Please read Topic "Market research" which was posted by me to "Sales and marketing" forum. Thst topic will be useful for you to get some idea about Market research and to set up new venture.
01 Feb 2007 21:34
Post 8 of 12
Replying to [Kirk007]:First of all one has to make a detailed study of the venture from what ever sources available before embarking on the new venture. One should carefully analyse the inputs required, legal and finacial implications, marketing skills and above all how to get and retain customers
02 Feb 2007 06:58
Post 9 of 12
Replying to [Kirk007]:
first what products or services will you offer, can not market if you unsure what the product lines will be.![[em17]](http://img.alibaba.com/images/eng/style/icon/emoticons_shake_hands.gif)
first what products or services will you offer, can not market if you unsure what the product lines will be.
09 Feb 2007 03:22
Post 10 of 12
Replying to [Kirk007]:Look at what the market wants ??how long will the market want it?? Can you get what the market wants?? Can you sell enough to make money and live each month???
Do A 5 year Business plan , List every thing good and bad ,, analize it and do again just to be sure.
Now test it - Test the market .. Test the supplier -- Then ask your self will it work -- will I like doing this .. be 101% sure-- Then Get an independant to look at what you have ,,,
Always keep in your mind that market trends can change over night..
Can You Change with them ??
Got all that ??
, Now Test IT ., Good Luck![[em15]](http://img.alibaba.com/images/eng/style/icon/emoticons_wish_you_wealth.gif)
Do A 5 year Business plan , List every thing good and bad ,, analize it and do again just to be sure.
Now test it - Test the market .. Test the supplier -- Then ask your self will it work -- will I like doing this .. be 101% sure-- Then Get an independant to look at what you have ,,,
Always keep in your mind that market trends can change over night..
Can You Change with them ??
Got all that ??
, Now Test IT ., Good Luck
09 Feb 2007 14:09
Post 11 of 12
Replying to [Deepali]:Thanx for the info but where can I find the person you are referring to?
27 Feb 2007 05:52