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Define Your Business Niche

Create a comprehensive guide on defining a niche when launching a business, covering aspects such as what a business niche is, steps for identification, common mistakes, and validation strategies, along with successful examples. The guide should be detailed and provide market research techniques.

Prompts for FoundersSmall BusinessMarket ResearchEntrepreneurAdded: 12/9/2024
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Create a comprehensive guide on defining a niche when launching a business. The guide should cover the following aspects:

- Explain what a business niche is and why it is important for new businesses.
- Provide detailed steps on how to identify and define a niche, including techniques for market research.
- Discuss common mistakes to avoid when selecting a niche.
- Offer strategies for testing and validating the chosen niche before fully committing to it.
- Include examples of successful businesses that have effectively defined their niche.

Ask me clarifying questions until you are 95% confident you can complete the task successfully. Take a deep breath and take it step by step. Remember to search the internet to retrieve up-to-date information.

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