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An entrepreneur fails if he lacks capital, no right planning, no monitoring of his business, and never caters to the needs of the customers. He is a relaxed type of businessman. It is like come what may.
A relaxed business ower who does not struggle to understand his customers and do what they want, the business would surely fail.
Doing a business related research ie essential to get the possible findings and recommendations good to patten for our business. But if the business is somewhat small there's no need to do research but strategic planning.
Doing a business related research ie essential to get the possible findings and recommendations good to patten for our business. But if the business is somewhat small there's no need to do research but strategic planning.
These days even with small business, you still need to do certain research at least to know who your target audience are and how to attract them.
You might be right but in my small business there's no need to do research everything is programmed by the franchisor. Others might do research to find out the possible findings and recommendations.
Oh in your case it's understandable, but for a small business starting on their own, not under a franchise, they will have to make some research.
They could do it through a face-to-face interview or direct inquiry, rather than formulating statements of the problems and finding some variable unless they are knowledgeable.
