Home – New Forums Starting your journey Starting a Business – Question about Market Analysis Reply To: Starting a Business – Question about Market Analysis

#1017636
King
Member
  • Total posts: 2,212
Up
0
::

My main thought is you mention ‘small town’. Therefore look at the population on town and surrounding districts – are there enough people who would buy from you?

What is the competition?

How much business do they do – simple to spy on them for a week!

Look at the similar ones you mention – look at their population and demographic and see what they do.

If you are in a town where miners frequent (most inland towns in Qld these days) then business can only get better. Of course the population might grow for other reasons (dormitary town etc) so that can mean only growth.

If it is low startup cost – then you don’t have much to lose!!