Moving forward, analyze whether the product or service you are considering will last for the coming years. If it is something that is dependent on the trends, it can be short-lived leaving you with no source of income in the future. It would be wise and helpful for you to do the analysis with the help of another person so that you can get the point of view of consumers - your potential patrons. You might want to hand out survey forms to fill out to a number of people whom you can hand pick and encourage to try your offer. They can get your product or service for free in exchange of a review or survey form accomplished by them.
Next, analyze the market you are in. Considering the interests and needs of your target audience, do you think they will continuously consume your product 0r service at the price you have determined? How and where are you going to sell it? How are you going to handle failures that may confront the buyers. All these will affect the way profits you would gain and the stability of
Next, analyze the market you are in. Considering the interests and needs of your target audience, do you think they will continuously consume your product 0r service at the price you have determined? How and where are you going to sell it? How are you going to handle failures that may confront the buyers. All these will affect the way profits you would gain and the stability of