How to Determine if Your Idea for a New Business is Viable?

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Conduct Pre-Launch Market Research

Testing out your new business ideas before launch is absolutely vital. Any time you want to take a new product or solution to the market, I recommend conducting a market research assessment. I like to look at a combination of survey data, desktop research, and industry reports to give you a picture of what you’re getting into. This will give you a firm foundation to move forward with and enable you to make data-driven decisions as you progress through the process.

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