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Firstly, you have already crossed the various hurdles in getting government clearances including trade licence, environmental clearance etc.to start your business. In the second stage, you are to create brand image of your product. That would require patience and time and any disappointment at this stage will ruin your future prospect. You are to assess the market situation and to see how your competitors of similiar product are already gaining the market share. To overcome the obstable, you are to apply innovative approach including genuine ways to reduce your price vis a vis keeping the quality of product in tact. Thus, you will be able to gradually gaining foothold into the market and snatch market share for your product.
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∙ 10y ago
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