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Showing posts from August, 2019

What Is The Cool Option For Temporary Housing In Jersey City?

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Maybe you have just landed in New Jersey for a business project or a small vacation and you are searching for a home base for just those few weeks. But what would be a great option for you? A hotel, maybe? Or have you ever thought of renting out a short-term apartment? If you are looking for  temporary housing in Jersey City  which is a home away from home, then here is what you should consider. Short-term rental apartments in Jersey City might be the best option for you!  1.  Why? While temporary or short term housing Jersey City  might not be able to offer you delicious continental breakfast or other amenities like housekeeping services, the benefits and perks that come with renting a short term apartment are amazing, especially if you have come on a vacation with your family or a business trip. 2.  When? If you are someone who is always on the road for frequent work-related projects or just love to hit the roads because you like tra...

Six Guidelines for Effective Competitive Intelligence Gathering

The business environment is highly competitive. Due to shifting industry dynamics, technology disruption and socio-economic challenges, the market is changing continuously. To sustain, a business needs to be on its toes and must adapt quickly to changes. This necessitates being aware of competitors’ activities. Conducting competition analysis to gather information which can be effectively used to design business strategies is a smart move. It is important to study the competitive landscape and collect meaningful data to draw the right inference. Competitive intelligence entails: Identifying competition – The first step in an effective competitive intelligence study is to identify the competitors. It is always advisable to limit this set to five or six direct competitors that are targeting the same customers as the company undertaking the study. This will ensure that the companies being followed for competition analysis are relevant. Gathering information in public domain – ...

Importance of a Sound Feasibility Study to Ensure Success of Business Plan

Feasibility study enables a business entity or an individual to assess the viability and practicality of a business venture before commencing with the project.  The main objectives behind a feasibility study are: Understanding the overall market potential for the new venture Understanding the demand and financial risks involved Projecting cash flows and profits Assessing the sustainability of the project on a long-term basis Feasibility study , therefore, provides a framework to help entities make an informed decision on the go/no-go roadmap for the proposed business venture. A feasibility study has two main components:  Market research to assess the potential of the product/service in target geographies or markets Financial feasibility to fundamentally gauge if the project would be profitable over a certain period and estimating the time for this  Market research assessment helps in understanding demand for the product/solution, and scope for the project in...