Are you able to take well informed decisions about your new venture
Do you know market segments of your new business to define your business strategy
Do you know key to success for your new business
Do you know challenges of your new business and how shall you address them
Do you know when and how the new business is likely to make money
Market Study
Market study is essential to understand the environment in which you will compete, to know the market potential, demand of product and services and their growth trend etc.