Friday, August 29, 2014
20 Questions To Ask Before Starting A Business
So you’ve got what it takes to be an entrepreneur? Now, ask yourself these 20 questions to make sure you’re thinking about the right key business decisions:
1.Why am I starting a business?
2.What kind of business do I want?
3.Who is my ideal customer?
4.What products or services will my business provide?
5.Am I prepared to spend the time and money needed to get my business started?
6.What differentiates my business idea and the products or services I will provide from others in the market?
7.Where will my business be located?
8.How many employees will I need?
9.What types of suppliers do I need?
10.How much money do I need to get started?
11.Will I need to get a loan?
12.How soon will it take before my products or services are available?
13.How long do I have until I start making a profit?
14.Who is my competition?
15.How will I price my product compared to my competition?
16.How will I set up the legal structure of my business?
17.What taxes do I need to pay?
18.What kind of insurance do I need?
19.How will I manage my business?
20.How will I advertise my business?
NOW, PUT ON YOUR THINKING CAP.
Culled from http://www.sba.gov
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