Business Planning, Budgeting & Forecasting
Businesses entering a new market or developing a new product or service must consider a wide range of economic & regulatory factors. Not least of these are the economic assumptions underpinning a strategy. At HKWJ Group, our experienced advisors have in-depth market knowledge and the know how to navigate the current environment. Here are some key factors to consider before entering a new venture:
- A complex range of economic factors need to be analysed before the launch of a new business venture. Competitors and customers, sources of revenue and the likely position of the competition authorities are just some of the most prominent considerations.
- Addressing a new market means building an understanding of the many different strands that influence the relative strength and weaknesses of an economy. Macro-economic considerations need to be considered alongside specific and detailed analysis of the potential market for a particular product or service.
- Building the models to support a new business strategy draws on a range of complementary skills and knowledge. Advanced econometric models and quantitative analyses need to be constructed alongside specific and in-depth industry knowledge if they are to provide market insight.
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