• Mission
  • Contact Us
  • Privacy Policy
  • Subscribe
  • Terms of Service
Conscious Life News
5-day Holosync Challenge
  • Home
  • Conscious Living
    • Activism
    • Animals and Pets
    • Conscious Evolution
    • Conscious Parenting
    • Happiness & Humor
    • Inspirational
    • Manifestation / LOA
    • Meditation
    • Peace & Human Rights
    • Relationships & Sex
    • Thrive
  • Economy
    • Business
    • Education
    • Loans and Frugal Living
    • Investing and Insurance
  • Environ.
    • Climate Change
    • Eco-Friendly
    • Farming & Gardening
    • Environmental Hazards
    • Nature & Wildlife
    • Preparedness
  • Govt.
    • Agencies & Systems
    • The Fed & Banking Cartel
    • Censorship
    • Govt. Corruption
    • Internet Control
    • Military Industrial Complex
    • Policies
    • Politics
    • Govt. Surveillance
    • Whistleblower
  • Health
    • Alternative Health Care
    • Big Pharma, CDC & FDA
    • COVID-19 Vaccine
    • Diet, Weight Loss, Obesity
    • Exercise and Fitness
    • Food, Drink & Nutrition
    • Healing & Natural Remedies
    • Herbs, Seeds & Spices
    • Human Energy Systems
    • Longevity & Life Extension
    • Mind-Body Connection
    • Pet and Animal Health
    • Prevention
    • Skin & Hair Care
  • Horoscopes
  • Media
    • Alternative Media
    • Books
    • Art and Music
    • Corporate Controlled Media
    • Films & TV
    • Internet
    • Social Media
  • Reality’s Edge
    • Afterlife & Past Lives
    • Ascension
    • Astrology & Numerology
    • Channeling & Readings
    • Dreams, ESP & Remote Viewing
    • Dying, NDE, & OBE
    • ETs, UFOs & Crop Circles
    • Mandela Effect
    • Mysteries
    • Predictions & Prophecies
    • Quantum Physics
    • Reality Shifts & Timelines
    • Spirituality and Religion
    • Angels & Spirits
  • Sci-Tech
    • Archaeology
    • Earth & Space
    • Futurism & Inspiring Inventions
    • Medical Advances & Procedures
    • Nature
    • Psychology-Psychiatry
    • Science
    • Technology
No Result
View All Result
  • Home
  • Conscious Living
    • Activism
    • Animals and Pets
    • Conscious Evolution
    • Conscious Parenting
    • Happiness & Humor
    • Inspirational
    • Manifestation / LOA
    • Meditation
    • Peace & Human Rights
    • Relationships & Sex
    • Thrive
  • Economy
    • Business
    • Education
    • Loans and Frugal Living
    • Investing and Insurance
  • Environ.
    • Climate Change
    • Eco-Friendly
    • Farming & Gardening
    • Environmental Hazards
    • Nature & Wildlife
    • Preparedness
  • Govt.
    • Agencies & Systems
    • The Fed & Banking Cartel
    • Censorship
    • Govt. Corruption
    • Internet Control
    • Military Industrial Complex
    • Policies
    • Politics
    • Govt. Surveillance
    • Whistleblower
  • Health
    • Alternative Health Care
    • Big Pharma, CDC & FDA
    • COVID-19 Vaccine
    • Diet, Weight Loss, Obesity
    • Exercise and Fitness
    • Food, Drink & Nutrition
    • Healing & Natural Remedies
    • Herbs, Seeds & Spices
    • Human Energy Systems
    • Longevity & Life Extension
    • Mind-Body Connection
    • Pet and Animal Health
    • Prevention
    • Skin & Hair Care
  • Horoscopes
  • Media
    • Alternative Media
    • Books
    • Art and Music
    • Corporate Controlled Media
    • Films & TV
    • Internet
    • Social Media
  • Reality’s Edge
    • Afterlife & Past Lives
    • Ascension
    • Astrology & Numerology
    • Channeling & Readings
    • Dreams, ESP & Remote Viewing
    • Dying, NDE, & OBE
    • ETs, UFOs & Crop Circles
    • Mandela Effect
    • Mysteries
    • Predictions & Prophecies
    • Quantum Physics
    • Reality Shifts & Timelines
    • Spirituality and Religion
    • Angels & Spirits
  • Sci-Tech
    • Archaeology
    • Earth & Space
    • Futurism & Inspiring Inventions
    • Medical Advances & Procedures
    • Nature
    • Psychology-Psychiatry
    • Science
    • Technology
No Result
View All Result
Conscious Life News
No Result
View All Result
Home Economy Business

Stanislav Kondrashov: How To Evaluate Your Business Idea

by clnews
August 25, 2020
in Business
Reading Time: 3 mins read
0 0
A A
0
Stanislav Kondrashov: How To Evaluate Your Business Idea
0
SHARES
418
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp
Print Friendly, PDF & Email

A business idea is a certain concept for commercial purposes, the main task of which is to make a profit. At first glance it is difficult to understand how promising or unpromising this or that business idea is. Especially when it comes to a person who is just starting his own business. About how to find out if there is a chance for the implementation of the project, says Ukrainian businessman Stanislav Kondrashov.

Stanislav Kondrashov: How to evaluate your business idea

Stanislav Kondrashov: market research

In order to understand whether it is worth taking on a particular business idea, Stanislav Kondrashov recommends studying the demand for your product. After reviewing the statistics on the Internet, it is important to understand exactly how the potential buyer thinks what his needs are. During searches, it is worth paying attention to queries where there is the word “buy”, “goods” and “price” or to queries indicating certain brands.

“Very often, novice businessmen look at their project biased, forgetting about clear planning and leisurely market research. In addition, they can spend a lot of money on actions that are essentially meaningless,” says Stanislav Kondrashov.

The businessman recommends marketing research with the involvement of experts in this field. With their help, you can collect data in associations, the media, as well as in search engines. The market analysis includes a review of the industry, research of the target market, analysis of competitors, as well as the formation of their own forecasts for the further development of their business.

First you need to understand where the industry as a whole is moving, to determine its trends and life cycle. The next step, according to Stanislav Kondrashov, is a more detailed analysis of the target market. During the study, it is important to highlight your real target audience, this will help to use the marketing budget most effectively. This will attract local customers who can leave positive feedback about your business. At this stage, you need to make a description of the consumer and give him a review. Here are determined the demographic data of customers, information regarding their age, income, place of residence, hobby, etc. It is necessary to draw up a clear portrait of a potential consumer. Having dealt with these data, it is worth moving on to the analysis of competitors.

Businessman Stanislav Kondrashov says that an entrepreneur must clearly understand who his competitor is, where he is, what his strengths and weaknesses are. If there are customers who are unhappy with his product, you should find out why. You can also determine your competitive advantage and understand what you can offer consumers.

In addition, Stanislav Kondrashov advises following those customers whose needs were not adequately met.

Having studied his competitors, the businessman recommends proceeding to the next stage – determining his market share. It is also worth noting the pricing structure and discounts that you can offer customers. Your gross profit is the difference between the prime cost and the selling price of the product.

Stanislav Kondrashov: The usefulness of a business idea

An important step is also the identification of upcoming costs. Having done this, the entrepreneur can understand whether the business will bring profit and whether it is worth investing his finances in it at all. A positive result, indicating that the idea is worthwhile, will be the beginning of the formation of a business process. Also, according to Stanislav Kondrashov, it is necessary to determine how the product will be useful for a potential buyer. In this case, it is worth following the principle: create what customers need. Here you need to ask yourself a number of questions, among which are: “Would you choose this product yourself?”, “Do you know people who would like to purchase it” and more. Do not be afraid to ask yourself questions. Better use the focus group tool.

In addition, Stanislav Kondrashov recommends using a special scale for assessing external as well as internal factors in building a business. It is they who have a great influence on the fate of the future process. Among the main points of this scale, the businessman distinguishes the following:

  • how urgently the client needs what the company offers him;
  • how much money will be spent to attract potential buyers;
  • what are the volumes of initial investments;
  • what is the maximum price for this product;
  • how unique this proposal is;
  • how quickly the product can enter the market;
  • how much work needs to be done to continue functioning after the first offer.
Tags: market researchStanislav Kondrashov
ShareTweetSend
Previous Post

A Guide to Buying Motorcycle Helmets Online

Next Post

The Ultimate Fallout 76 Boost Services for Power Leveling

Related Posts

4 Things You Need To Know About TN Visa
Business

Understanding Aggravating Features & The Employer’s That Use Them

February 3, 2022
Business

Ruslan Tymofieiev (Ruslan Timofeev) and Other Investors About Successful Ukrainian Investments in US Startups in 2021

January 31, 2022
Business

Ethical Economy – 5 Essentials for Running an Ethical Business

January 29, 2022
Business

Sergey Tokarev: A True Investor Acts, Not Watches

January 29, 2022
Business

Efficient Ways to Manage Your Rapidly Growing Business

January 27, 2022
Business

How Partner Funds Management Platforms Help Businesses Drive New Market Opportunities

January 27, 2022
Next Post

The Ultimate Fallout 76 Boost Services for Power Leveling

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Conscious Life News

The mission of Conscious Life News is to be a global leader in the consciousness-raising of the planet.

Follow Us

Browse by Category

  • Activism
  • Afterlife & Past Lives
  • Agencies & Systems
  • Alternative Health Care
  • Alternative Media
  • Angels & Spirits
  • Animals and Pets
  • Archaeology
  • Art and Music
  • Artificial Intelligence
  • Ascension
  • Astrology & Numerology
  • Astrology Overview
  • Big Pharma, CDC, FDA & NIH
  • Books
  • Business
  • Careers
  • Censorship
  • Channeling & Readings
  • Climate Change
  • Conscious Evolution
  • Conscious Living
  • Conscious Parenting
  • Corporate Controlled Media
  • COVID-19 Vaccine
  • Daily
  • Diet, Weight Loss, Obesity
  • Dreams, ESP & Remote Viewing
  • Dying, NDE, & OBE
  • Earth & Space
  • Eco-Friendly
  • Economy
  • Education
  • Environment
  • Environmental Hazards
  • ETs, UFOs & Crop Circles
  • Exercise and Fitness
  • Farming & Gardening
  • Featured
  • Federal Law
  • Films & TV
  • Food, Drink & Nutrition
  • Futurism & Inspiring Inventions
  • Government
  • Govt Censorship
  • Govt. Corruption
  • Govt. Surveillance
  • Happiness & Humor
  • Healing & Natural Remedies
  • Health
  • Herbs, Seeds & Spices
  • Home Maintenance, Repairs & Improvement
  • Horoscopes
  • Human Energy Systems
  • Inspirational
  • Internet
  • Internet Control
  • Investing and Insurance
  • Laws and Lawyers
  • Lifestyle and Fashion
  • Loans and Frugal Living
  • Longevity & Life Extension
  • Mandela Effect
  • Manifestation / LOA
  • Maya / Matrix / Virtual Reality
  • Media & Arts
  • Medical Advances & Procedures
  • Meditation
  • Military Industrial Complex
  • Mind-Body Connection
  • Monthly
  • Mysteries
  • Nature
  • Nature & Wildlife
  • News Flash
  • Peace & Human Rights
  • Pet and Animal Health
  • Policies
  • Politics
  • Predictions & Prophecies
  • Preparedness
  • Prevention
  • Psychology-Psychiatry
  • Quantum Physics
  • Reality Shifts & Timelines
  • Reality's Edge
  • Relationships & Sex
  • Sci-Tech
  • Science
  • Skin & Hair Care
  • Social Media
  • Spirituality and Religion
  • Stuff
  • Technology
  • The Fed & Banking Cartel
  • Thrive
  • Uncategorized
  • Weekly
  • Whistleblower
  • World

Recent News

Pluto Retrograde 2025 Survival Guide + All Signs…

Pluto Retrograde 2025 Survival Guide + All Signs…

May 3, 2025
Vedic Astrology Report for October 2023: Transformation and Spiritual Growth

Vedic Astrology Report for May 2025: Powerful Month with Major Planetary Transitions

April 30, 2025

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result

© 2023 ConsciousLifeNews.com - Premium WordPress news & magazine theme by Jegtheme.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.