1. Understand market demand
Before starting a business, you need to first investigate and understand the market demand. This can be done through market research, industry analysis, consumer insight, etc. By understanding the market demand, we can determine the direction of entrepreneurship and provide basis for subsequent product or service positioning.
2. Analyze competitors
In the process of entrepreneurship, it is important to understand the situation of competitors. By analyzing competitors' products, pricing strategies, market share and other factors, entrepreneurs can understand the existing competition pattern in the market and formulate corresponding competitive strategies for their own enterprises.
2. Identify your strengths
In the process of entrepreneurship, it is very important to know your own advantages clearly. Entrepreneurs need to carefully analyze their own advantages in skills, experience, resources, etc., and find their own unique advantages in the entrepreneurial field based on market demand and competitor analysis to determine the entrepreneurial direction.
