u/devicemaintaince

iwtl how to do research for a business idea

Hey everyone,

I want to start a business of my own, but the biggest thing holding me back is that I don’t know how to do proper market/business research. I often get business ideas, but then I don’t know how to evaluate them properly, so I end up doing nothing. I want to learn how to research a business idea from scratch, including things like:

  1. Understanding how the business works overall
  2. What all is required to start it (licenses, setup, operations, etc.)
  3. How much capital might be needed
  4. Whether there is actual demand in the market
  5. Who the target customers are
  6. Competition and market size
  7. Growth potential and scalability
  8. Whether there is export potential, and how difficult exporting would be
  9. Government schemes/incentives available for that business
  10. Any other important factors to evaluate before starting

Basically, I want to build a skill/framework so that whenever I get a business idea, I can research it properly and decide whether it’s worth pursuing. Are there any books, courses, YouTube channels, or personal methods that helped you learn this? I’d really appreciate any advice or resources.

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u/devicemaintaince — 3 days ago

Need some kind of direction

Hey guys, hope you’re doing well. I just need some advice or direction. I’m currently at a stage where I keep breaking my discipline and falling back into the same old bad habits. It used to be worse earlier, but now I can at least stop doing certain things once I set my mind to it. Still, there are some similar habits that I keep repeating, and they’re pushing my long-term goals further away.
I want to know what I can do. I don’t know if this matters, but I have my finals in a week, and I don’t know why I’m so stressed. It’s not even that hard this time, and we have ample time for studying. The stress isn’t even helping me focus on studying. I’ve also been randomly feeling sleepy and sluggish during the day lately. I’m unable to focus properly and always feel stressed.
I’ve developed a habit of overthinking and negative thinking, and it’s making me anxious and worried about random things all the time. I start creating worst-case scenarios for every single action. I literally keep thinking about the smallest things again and again. I just don’t understand how I can stop all this and focus on my career and future.
I hope someone can help me out. Thanks in advance.

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u/devicemaintaince — 10 days ago