Is this a viable business?
📰 Reddit r/Entrepreneur
Learn how to assess the viability of a business idea by evaluating market demand and competition
Action Steps
- Research your target market to identify potential clients and their needs
- Analyze your competition to understand the landscape and identify gaps in the market
- Define your unique value proposition and differentiate yourself from others
- Develop a pricing strategy that reflects the value you bring to clients
- Create a minimum viable product or service to test with potential clients
Who Needs to Know This
Entrepreneurs and small business owners can benefit from this lesson to validate their business ideas and create a successful business model
Key Insight
💡 Understanding your target market and competition is crucial to creating a viable business model
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💡 Validate your business idea by researching your target market and competition #entrepreneurship #businessvalidation
Key Takeaways
Learn how to assess the viability of a business idea by evaluating market demand and competition
Full Article
I need honest advice on how do I/can I do this. I’ve been a Personal Trainer for many years, worked with pro sportsmen and have qualifications on stress, sleep, back pain and more. Is this something companies would pay for events on for the leadership roles on a project basis if I was able to fulfil at scale by doing workshops well? Or is there no point trying Or potentially even rebrand, price it different to PT and call myself something like a Hu
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