While survival in the UAE
market has seen hits and misses, entry into the market itself is an
entirely different story.
Start-ups have to strategize
according to their target consumers and plan their financials to meet the
operational expenditures. Research conducted through research articles or
published papers, with the target audience and interviews with the competitors
provides the market scenario that can be used to assess the
potential, the viability or practicability of a new business. This also
provides the necessary steps to determine whether a business idea is
likely to succeed, or in business terms, if a business is feasible or
not.
A few tips to consider for a
Start-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 to
forecast your actions and financials ensures higher growth
potential.
To hear more about our business
success stories with turnovers of millions in a span of two years,
feel free to drop an email to [email protected] or contact +971 52 961
2734.
