A proposed 2016 ballot law would allow adults 21 and older in Massachusetts to legally possess up to one ounce of marijuana and authorize marijuana retail outlets, and cultivation and testing facilities, according to sponsors of the proposal.
Thorough market research is essential to the success of new products or services. In an entrepreneurial environment, it's even more crucial as resources are scarce and time to market is critical. Here's how to do it right.
Every business has one, two or three numbers that serve as clear indicators of how it's doing. Every successful entrepreneur knows what those numbers are and diligently tracks them.
When Robert Fecteau wanted to test the market for his own bread recipes while working for Five Loaves Bakery in Spencer, he didn't turn to his own storefront or online sales. Rather, he brought his products to the Crompton Collective farmers market in Worcester's Canal District.
For nine lucky first-time entrepreneurs, July 14 could be the day their dreams are realized. For the third summer, Hopkinton-based science and technology incubator TechSandBox will give them a chance to make their case for critical financing.
“It's hard to network your way to investors, especially as a first-time entrepreneur,” said Barb Finer, TechSandBox's CEO.
Find a need and fill it. Find a product and improve it. Add value and make money doing it. That's Richard Domaleski's strategy for the company he founded in 2012, Worcester-based Mansfield Holdings Group LLC.
All too often, entrepreneurs move quickly to spend precious resources that they don't have to launch a product they believe is perfect into a market they're convinced is huge. And they do this without doing much, if any, market research.But what should you do with that cool idea?