Conduct Market Research

Starting a business can be risky. Understanding the risks and minimizing them through careful planning can improve your chances for success. Market research is the first item to address when planning a business. Having a clear idea of the market, customer base, and trends will allow you to start at an advantage. Arapahoe/ Douglas WORKS! offers custom workforce and business trend reports at no cost.

Things to Consider Before You Start Your Business

You should also consider the following to get a complete picture of your market:

  • Demand
  • Economic Indicators
  • Market Saturation
  • Market Size
  • Location
  • Pricing 

Steps to Starting a Business

1. Conduct Market Research

2. Develop a Business Plan

3. Choose a Business Structure

4. Register Your Business

5. Obtain Business License and Permits

6. Choose the Right Location

7. Finance and Incentives

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