Look for the industry performance or outlook where you can compare the the data you gathered versus the performance of the industry the you chose. Example for restaurant business get important data or statistics that will allow you to compare and analyze between your survey result and the current industry performance.
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Market research blends consumer behavior and economic trends to confirm and improve your business idea.
It’s crucial to understand your consumer base from the outset. Market research lets you reduce risks even while your business is still just a gleam in your eye.
Gather demographic information to better understand opportunities and limitations for gaining customers. This could include population data on age, wealth, family, interests, or anything else that’s relevant for your business
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