Which of the following would be the first thing for an entrepreneur to do?

Question

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Before starting a business, it is important to identify industries that are favorable to new firms. This includes doing market research to identify potential customer demand, assessing the competition, and evaluating the regulatory environment. Once this research is done, the entrepreneur can make an informed decision about whether or not to proceed with their business idea. Choosing a reputable attorney, creating a marketing plan, finding a partner, and hiring employees all come later in the process.

Which of the Following Would Be the First Thing for an Entrepreneur