Starting the business require complete research work, from market to monetary.
So this possess some boundaries which include knowledge of your product, knowledge of your market etc and for that one should have a thorough knowledge of that market in which he or she is trying to do business.
Although in today's time is quite possible for anyone to get the knowledge of the market and how the market going to react when there is some up and downs in it.
- Find a loophole in the niche market and try to cover up with your product.
- If you are completely new for that market just try to study it, make notes and do some research work.
- Come up with the product with suitable pricing and benefits that will help you gain confidence in the market.
- Advertise and make your brand recognised.
Also it is not always possible to get the idea for the what kind of business one should start but with clear approach and thorough research one can start his/her business.