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Dacey Rankins

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2025-01-10 14:14:06 -

How do I forecast revenue for a new business?
When starting a new business, forecasting revenue can seem like a daunting task. However, an accurate revenue forecast is crucial for planning, securing funding, and guiding your strategy in the early stages of your business. For startups, the challenge lies in predicting future income when historical data is often sparse or non-existent. To help navigate this, it’s essential to combine...

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Dacey Rankins

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2025-02-06 15:04:13 -

Is There a Market for My Product or Service?
Before launching any business, one of the most important questions to ask is whether there is a market for your product or service. Understanding the demand for what you intend to offer is essential to ensure your business will succeed and thrive. Conducting thorough market research is the key to determining if your business idea is viable. By assessing demand, understanding your target...

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Dacey Rankins

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2025-03-17 18:36:48 -

Why Do Startups Fail?
Starting a business is an exciting journey filled with opportunities, but the reality is that most startups don’t succeed. In fact, statistics show that nearly 90% of startups fail. Understanding why startups fail can provide valuable lessons for entrepreneurs and help them avoid common pitfalls. From poor planning to lack of market demand, several factors contribute to the downfall of...

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