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17 Reasons Why Businesses Fail :Unscrew Yourself From Business Failure

Book by Pooja Agnihotri · 50 quotes · Business Advice, Business Growth And Success, Market Research

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17 Reasons Why Businesses Fail :Unscrew Yourself From Business Failure Quotes

“Before you embark upon this journey of your business’ vision and mission discovery, there are a few questions that you need to answer: Why are you in this business? How big do you want your business to be one day? Who is going to benefit from your product or service? What is the core purpose of the existence of your business?”

“When I say develop your skills, I don’t mean related to every business area of that industry. This is not very realistic. I mean, the field of your expertise in that industry.”

“Even though change is an important part of growth, we still face a hard time liking it. We try to resist it for as long as we can before giving up. Not just in our personal lives, but even in our professional lives”

“The purpose of data is to learn on time what is working and what is not and take any corrective actions according to that.”

“Market research helps you understand the need of your product in the existing market and the current competition.”

“Incorporate market research as an integral part of your business, and you’ll not just become competitive, but also profitable.”

“Incorrect results of the market research when fed to the marketing strategy and action plans produce disastrous results.”

“Even though marketing is one of the building blocks of a successful business, we should make sure that our marketing is effective and productive.”

“Market research is the process by which a business gathers and studies information related to the product or service it is providing or the market it is operating in.”

“Proper market research keeps you informed on what your competitors are doing, as well as their strengths and weaknesses.”

“The moment you will start considering market research as an ongoing process of your business, you will start uncovering so many hidden insights.”

“Market research not only helps you in gaining competitive advantage, but also helps you in being prepared to handle any testing business times.”

“Internet articles can be used to give direction to your research, but the real research will start after that. You can read The New York Times, The Washington Post, Forbes, Economic Times, or Entrepreneur as much as you want but these still can’t replace market research.”