How to find your business niche – key points

The following qualities are inherent in a potentially promising niche:

✔ demand – the activity they intend to carry out arouses interest in society;

✔ novelty – goes hand in hand with demand, but attracts customers with an unusual idea;

✔ development perspective – how much demand for a service or product will grow over time;

✔ competitiveness – a new business will be able to compete with those already in the market;

✔ profitability – income generation capacity, financial potential.

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