Assignment 3: Creation and Registration of Business in the Fergana Region Research the legal and regulatory framework for business creation and registration in the Fergana region


Carry out Investigations into the Market



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Task 3

Carry out Investigations into the Market
Before starting any kind of business, you should do market research to make sure that people want the product or service you want to offer. To do this, you need to know who your target audience is, who your competitors are, and what the general trends are in your industry. This research will help you make smart choices about the direction of your business strategy and avoid mistakes that will cost you a lot of money.
Create a plan for your business.
Your goals, strategies, and action plans for achieving those goals should all be outlined in a business plan. As your company expands, this will assist you in maintaining your concentration and staying on track. Your business plan should include a detailed explanation of the product or service you will be offering, as well as strategies for marketing and projections of financial outcomes.
Register Your Business
When starting your own business, registering your company with the appropriate authorities is a crucial step. It makes it simpler to raise capital and enter into contracts, as well as safeguard your personal assets and property. Select the organizational structure that will best serve your objectives, and take the steps necessary to obtain all licenses and permissions.


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