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Starting a Business Step 3: Who Pays the Bills
As you begin to plan your business, it is important to understand where your financial resources will be coming from. Aside from loans or lines of credit for things like capital expenses or expanding a product line - where does the money come from to pay the bills? The customer, of course! So if you want to generate a steady revenue stream, you must know your customers. You must be able to not only entice them, but also keep them coming back. The only way you can find out who your potential customers are is through market research. Finding out what type of person will be buying your product or service and learning to focus your advertising efforts correctly is paramount to running a financially successful organization.
 
In this area of our site, we will guide you through this research process and help you to identify your market. Begin to think about this relationship with your customers and their connection to your business growth as you delve into the area of market research.
 
 
 
“We needed direction, I don’t know where I would have gone without the ISBDC. They are still available to this day to answer questions and provide advice if we need it.  All I have to do is pick up the phone.  I have nothing but good things to say about all the folks at the ISBDC”
 
Maury Nichols
Nichols Fire & Fleet