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How can you check your business idea? Is it profitable or not?

Startup business idea

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Analyzing competitors: Determine and research rivals. Lack of competition could be a sign that there is no demand in the industry. On the other hand, intense rivalry might indicate a saturated market.

Surveys of the intended audience: Obtain information from prospective consumers using tools like SurveyMonkey or Google Forms. When estimating demand and potential difficulties, their opinion can be quite helpful.

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