CompanyResearching Your Business Idea the Right Way
October 18, 2011- Gypsywing Founder Lolo Siderman explains how doing your research can save you from some painful business mistakes.
1. Ask questions and get out of your comfort zone
2. Meet new people
3. Work in the industry if possible
4. Determine the industry code and research it
5. North American Industry Classification System (NAICS)
6. Get real on expenses – you’re probably forgetting some
7. Determine and have conversations with your target customer
8. Google the industry often and check the “news”