The market research used for the market analysis of a business plan should be data from a recent report (typically, this means within 15 months) and data should be the prior year normally when past June; though, market research companies typically release reports once every year and sometimes every two years. Very popular industries have reports released by 2 or 3 major market research companies each year. Access to the most current market research relies heavily on paid and unpaid subscriptions to market research databases. Otherwise, finding market data is a result of highly advanced searches in the right places throughout the Internet. The market research that is most relevant are the market size of the past 5 years of market size, the projected market size in (or over the next) 5 years, trends, and industry analysis.
If you have searched for “market research business plan”, you are probably either looking for market research for an existing business plan, looking for a business plan writer with good access to market research, or trying to identify where to go to gather market research.
Capital West Advisors develops high quality business plans and consistently developed comprehensive market analysis sections with recent and detailed market data. Whether it is U.S. or global country that you need market research on, Capital West Advisors can gather comprehensive market research for your project. If you would like more information regarding market research or business plans, contact us at (888) 300-3090 for more information and a free consultation.