Generating your business idea is just the beginning. To turn it into a successful startup, you require a set of well-defined business goals. Or else, it will be impossible to even track where your business is going, or how to scale it up further. To get started with, you need to do a thorough research on the relevant market. List out the competitors, their growth, revenue, business model, and also have an in-depth idea on the present market demand-supply pattern, market forecast, past analysis, and other related areas. These all together will help you set targets for your own business. Here’s a list to look after to simplify this task for you -
At the end of this stage, not only will you be clear about the business goals, but also will have a list of key metrics, and factors to keep track of from day one. This in turn will help you reach your goals easily.