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Is there a need for your business?

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Have you spotted a gap in the market? Maybe there’s no one else providing these goods or servicing your potential marketplace. A word of caution here: the gap may be there for a good reason. Maybe it’s not a financially profitable offering because the marketplace for these goods or services is just too small, or the manufacturing or shipping costs are very high. Research the need for your business and check out whether it has been tried before and if so, why those businesses failed or moved out of the market.

You’ve chosen the idea – what’s next?

Starting a Business in 7 simple steps

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