Research and Analysis:
Before starting any venture or business, we need to perform Research and Analysis well in-depth to ensure lower failure chances. Not only that Research will also helpful to learn and understand the business flow, Market Environmental impacts on business and their customer behaviour. Research is important to perform with few key identifications.
Researchers need to ensure that is data, objective and expected analysis are in synchronisation or not. If there is any breakage in-between then it will not help the objective of getting optimum output and guideline for the venture.