What Are the Common Challenges in Conducting Market Research?
Entrepreneurs may face several challenges in conducting market research:
Limited Resources: Startups often have constrained budgets and time, making extensive research difficult. Data Reliability: Ensuring the accuracy and relevance of the data collected can be challenging. Interpreting Data: Analyzing and drawing actionable insights from data requires expertise and experience. Changing Market Dynamics: Rapid changes in the market can make research findings quickly outdated.