Market research is a step-by-step process used to gather, report and interpret information that you need to know in order to make good business decisions.

Market research will help you find answers to questions such as the following:

β€’ How will people behave regarding a particular topic, habit, activity, decision or business?
β€’ Will my idea work? Can I sell my product or service to make money
β€’ What marketing tools will be most effective?
β€’ How much product or service can I sell?
β€’ Is there a need for more new products or services?

Five steps to effective market research

Every research project is different. The research you do depends on the type of products or service you intend to offer.

While emphasis may change from project to project, the same five steps should be followed in the research conducted by every entrepreneur:

1) Define the problem
2) Prepare a research plan
3) Collect data
4) Analyse data
5) Prepare a market research report

The market research plan should contain the following:

1. Statement of objectives
2. Data you will probably want to be gathering:
β€’ industries/markets you are interested in
β€’ related industries
β€’ competitors/suppliers/distributors
β€’ demographic/customer profiles
β€’ need for primary research
3. Time frame you wish to research

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πŸ“° Recommended PostsπŸ‘‡

πŸ“Œ How to make people think in your way

Show respect for the others persons opinions. Never tell a man he is wrong. The only way to get the best of an argument is to avoid it. If you are wrong admit it quickly and emphatically. Begin in a friendly way. Get the other person saying Yes, yes immediately. Let the other person do a great deal of the talking. Let the other person feel that the idea is his. Try honestly to see things from the other person’s point of view. Be sympathetic with the other person’s ideas and desires. Appeal to nobler motives. Dramatize your ideas. Throw down a challenge

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πŸ“Œ Pls dont laugh alone send to ur gud naughty friends....

A man 4gets to zip up his trousers , so a lady tells him politely, sir ur garage is open. The man gave her a naughty smile as he zips up and asks, Did u see my BLACK RANGE ROVER SPORT parked inside? . The lady smiles back and says no just one small Toyota vitz with two Flat tyresβ€š --Pls dont laugh alone send to ur gud naughty friends….

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πŸ“Œ Try this if you think you speak English fluently

try dis!
''THREE WITCHES WISH THREE WISHES,BUT WHICH WITCH KNOWS WHICH WISH WHICH WITCH WISHED."
Send it back as a voicenote, let's hear accents,
Don't spoil d fun….
Waiting 4 ur voicenote πŸ˜€πŸ˜€πŸ˜€

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πŸ“Œ Where will this corruption end?

School Group Photo : Headmaster to Photographer ksh.20 is too much. There are 2000 students, Charge Only ksh.10 its sufficient!!

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πŸ“Œ When to be silent

I Found this one somewhere and it made me think
I'm still learning…

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πŸ“Œ Wise words from great thinkers and observers

Buffalos kill 7 people every year.
Lions kill 500 people every year.
Hippos kill 800 people every year.
Spiders kill 5000 people every year.
Scorpions kill 7000 people every year.
Snakes kill 10000 people every year.

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πŸ“Œ Too good to read

*Just too good*πŸ‘‡

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πŸ“Œ Did you notice this

*DID U NOTICE THAT!*

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πŸ“Œ Just a notice to you

‘``1. πŸ‘‰No matter how beautiful and handsome you’re just remember Baboon and Gorillas also attract tourists .
✌Stop Boasting✌

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πŸ“Œ How to write Business Description

1. Legalities - business form: proprietorship, partnership, and corporation. The licenses or permits you will need.
2. Business type: merchandizing, manufacturing or service.
3. What your product or service is.
4. Is it a new independent business, a takeover, an expansion, a franchise?
5. Why your business will be profitable. What are the growth opportunities? Will franchising impact on growth opportunities?
6. When your business will be open (days, hours)?
7. What you have learned about your kind of business from outside sources (trade suppliers, bankers, other franchise owners, franchiser, publications).
A cover sheet goes before the description. It includes the name, address and telephone number of the business and the names of all principals. In the description of your business, describe the unique aspects and how or why they will appeal to consumers. Emphasize any special features that you feel will appeal to customers and explain how and why these features are appealing.

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πŸ“° Recent PostsπŸ‘‡

A How do you forget?

How do you forget ?
The same qualifications you have, diploma, degree, masters, PhD that which gave you that job you have , are the same qualifications that your friends have too , but they don't have the job you have. How do you forget ?
The same pastor who officiated your marriage and blessed it, today you have even children is the same pastor who officiated and blessed even your friend's marriages but they don't have children and eventually divorced . How do you forget ?
The same prayer you offered to God and God answered you is the same prayer that your friends have been praying, but up to now they haven't recieved any answer and still praying , How do you forget ?
The same road you use to travel to places and safely you reach home, is the same road that many people have died on, How do you forget ?
The same church you go to worship God to and God has blessed you, is the same church that your friend goes to worship God too, but up to now his life is still miserable, How do you forget ?
The same bed you used in the hospital and you got healed is the same bed that your friends used too but they died in there ,* **How do you forget ?
The same voice you have and you can sing songs, you can preach, you can *talk* and so on, is the *same voice* that your friends also had but eventually *stopped singing , preaching* because they had cancer of throat, *How do you forget ?*
The *same rain* that made your *field to produce good crops* and you had bumper harvest is the *same rain* that *destroyed* your friend's fields, How do you forget ? At this end of the year Come back to your God and thank Him for his kindness.
Whatever you have , is not by your power, nor your intelligence, nor your qualifications but the Grace of God
Have a wonderful new year 2017,
Be blessed In Jesus Name !

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A Business Debt financing

This is money loaned to the business from outside source that is paid back over time.

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A Understanding Entrepreneurs and Entrepreneurship

There is no clear consensus among entrepreneurship specialists on the definition of the word β€˜entrepreneur’ or that of its derivative, 'entrepreneurship'. While some people would treat small business owner managers and entrepreneurs as synonymous, the bulk of the entrepreneurship specialists attempt to draw a distinction between them. This distinction is central to an understanding of the meaning of 'entrepreneur'. We proceed to look at the definitions of these terms with a view to delineating the differences among them.

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A Best Inspiring quotes for today

πŸ’šI love this, πŸ’šβž–βž–βž–βž–βž–βž–
Life is not about finding the right person, but creating the right relationship. It's not how we care in the beginning, but how much we care till the very end.
πŸ’šβž–βž–βž–βž–βž–βž–
Some people always throw stones in your path. It depends on what you make with them; a Wall or a Bridge? - Remember you are the architect of your life.
πŸ’šβž–βž–βž–βž–βž–βž–
Search for a good heart, but don't search for a beautiful face, coz beautiful things are not always good, but good things are always beautiful.
πŸ’šβž–βž–βž–βž–βž–βž–
It’s not important to hold all the good cards in life, but it’s important how well you play with the cards you hold.
πŸ’šβž–βž–βž–βž–βž–βž–
Often when we lose all hope & think this is the end, remember God and pray, it’s just a bend, not the end.' -
πŸ’šβž–βž–βž–βž–βž–βž–
Have faith and have a successful life. One of the basic differences between God and humans is, God gives, gives and forgives. But the human gets, gets, gets and forgets. Be thankful in life…
πŸ’šβž–βž–βž–βž–βž–βž–
If u think it is your alarm clock that woke you up this morning, try putting it beside a dead body and you will realize that it is the Grace of God that woke you up.
πŸ’šβž–βž–βž–βž–βž–βž–

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A How to make people think in your way

Show respect for the others persons opinions. Never tell a man he is wrong. The only way to get the best of an argument is to avoid it. If you are wrong admit it quickly and emphatically. Begin in a friendly way. Get the other person saying Yes, yes immediately. Let the other person do a great deal of the talking. Let the other person feel that the idea is his. Try honestly to see things from the other person’s point of view. Be sympathetic with the other person’s ideas and desires. Appeal to nobler motives. Dramatize your ideas. Throw down a challenge

πŸ‘continue to read about πŸ‘‰How to make people think in your wayβœ”

A How to achieve goals

Set Goals First list down all the goals that you want to accomplish. If you are not sure what you want in life, you are just bound to receive the unexpected. Nevertheless, bear in mind that goals should always be sensible and should be accomplishable. Setting unrealistic goals are of no use. Write the most important goals at the top of the list and number them accordingly. This will help you to focus more precisely. You can strike off each goal once it is accomplished. Writing down your goals will also help you to realize your priorities. Develop Strategies To Achieve Goals Once you have listed your goals, you need to evaluate and develop strategies to complete your goals. For example, if your goal is to shed some extra pounds, your broad strategy should be dieting and exercises. Nothing can be achieved straightforwardly in life. So, you need a particular strategy and dedication to pull off your goals. Have Definite Action Plans Once your broad line of attack is determined, work on your definite action plans. For instance, if dieting and exercising are your broad strategies to your weight loss goal, then your action plan should consist of a healthy diet chart; a healthy way of life, and an appropriate workout routine. Believe In Yourself If you want to accomplish your goals and become successful in life, you have to believe in yourself. All successful men and women today are doing well because they believed in themselves and were confident about their capabilities. If you believe in yourself, then you can accomplish the goals you have set for yourself. Review Your Progress Make sure you are making progress. Review your progress every week to analyze how far you have reached in accomplishing your goals. If you find you are lagging behind, hire a coach, look for help from family and friends, and above all, try to recognize why your goal is not being met. Find a solution to accomplish your goal. Be Self Motivated Self motivation is a must to achieve goals and success in life. Motivational books and CDs are great ways to keep you motivated and will help you to stay focused towards your goals. The more self motivated you are, the easier it is to work towards your objectives.

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A The will to win

The will to win, the desire to succeed, the urge to reach your full potential… these are the keys that will unlock the door to personal excellence.

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A Where to look for business opportunities

(1) They can develop/evolve as a result of your personal background including your previous jobs, hobbies and personal experiences, or
(2) From opportunities in the external environment or general market place

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A Self improvement of ideas

Meditation gives you that inner peace like nothing else can. Initially, it is a little hard to concentrate and there will be plenty of distractions. Let these distractions be a part of the learning process. After some time, you will notice that all negativity will be removed and you become happier. Sleep gives you a sense of calm and freshness when you wake up. But, try a reverse approach. Wake up about 30minutes earlier than normal and see how many more things you can do. Extra time gives you that extra edge to better yourself. It takes fewer muscles to smile than to frown! So you know what you should be doing. Smiles make such a big difference, and when someone around you is happy, it sends out positive vibes. Accept compliments with a smile and thank people for them. Be kind to yourself and everyone will do the same. Principles are important in a school, college, at work and at home. They are equally important in you. Principles must be set in a realistic way. It can be as simple as not wasting food or as complex as saving paper. Rules are not meant to be broken. So if you keep your principles on, you've obviously becoming a better person. Have complaints about everything? Stop this. It is an extremely irritating habit. Stay around people who don't give you a chance to give in to complaints, distract yourself and send out good signals which will increase your people power. Find a mentor or a role model who you'd like to be like. You don't have to become this person mentally and physically, you could implement their way of life into yours. Setting goals is what differentiates a person with good behavioral and mental skills compared to one that has no aim in life. Remove unwanted people and things from your life. You are better without them. Go to your room, remove all unwanted letters, posters and make more space for new things. If someone has been bothering you, cut him/her from your life for a while. Lay low till you think you can deal with them. It's about how you feel. Now, you will have a clear and creative mind for the new things to come. Television is for the utterly bored! It is junk for the mind and body. If you feel like you need entertainment desperately, then watch something educative for about 30 minutes or so but don't drown in the idiot box.

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A Business Plan Layout

State the business’s legal name

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A Assessing the Viability of the business Idea

An Idea is not necessarily a Business Opportunity: There is one crucial difference between an idea and an opportunity. An opportunity is based on what consumers want. Many small businesses fail because an entrepreneur didn’t understand this.

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A THE MARKETING PLAN

Marketing plays a vital role in successful business ventures. How well you market you business, along with a few other considerations, will ultimately determine your degree of success or failure. The key element of a successful marketing plan is to know your customers — their likes, dislikes, expectations. By identifying these factors, you can develop a marketing strategy that will allow you to arouse and fulfill their needs.

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A 2017 Tips for good health

If all you do in 2017 is make the right choice or the best choice possible I guarantee you will succeed!
β€’
Choose the salad over the double cheese burger!
β€’
Choose going to the gym over sitting down and relaxing and watching mindless TV!
β€’
Choose Working on your business idea instead of hanging out with mates and drinking too much on the weekends.
β€’
Choose saving your money instead of spending it on useless things you don't even really want!
β€’
Invest your time on your own personal development & growth instead of wasting your time on entertainment!
β€’
Choose to spend your time in inspiring environments rather than places or with people who don't move you closer to your dreams!
β€’
Choose to speak well and dress well rather than trying to be cool and hip!
β€’
Choose to make those 10 extra sales calls after 5pm rather than just leaving as soon at it hits 5pm!
β€’
Choose to get to bed a little earlier so you can wake up and start your day before 5am!
β€’
It all starts with YOU being aware of your own self and your objectives & goals!
β€’
Being conscience of your own self and your every decision and choice is the key to success in life and if 2017 is going to be your year, YOU are going to have to be totally aware of your thoughts, feelings and actions…100% of the time!
β€’
It is no longer acceptable to get through the day mindlessly and expect things to change….they won't change if you keep running the same patterns that got you into this mess in the first place!
β€’
You need to be aware 100% of the time of your thought, feelings, actions and your goals and outcomes so you can start making choices that move you towards your greatest victory in 2017 and beyond!

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