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As an HR expert, I recommend conducting thorough market research to identify unmet needs or gaps in the market. Once you have a business idea in mind, create a detailed business plan outlining your target market, competition, pricing strategy, and marketing approach. Consider the scalability and sustainability of your venture. Additionally, ensure compliance with all relevant labor laws, taxation regulations, and business management practices. Seek advice from HR-related consulting services if needed to set up efficient HR processes and employee benefits. Remember, successful businesses are built on innovative ideas, strategic planning, and a deep understanding of organizational behavior.
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Startups Look for Right Fit, Rewrite CV of Recruitment.pdf
Chapter XVIII - The Management of New Product Development and Entrepreneurshi p.ppt