You think you would like to start a business?
20 Questions Before Starting
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:
Why am I starting a business?
What kind of business do I want?
Who is my ideal customer?
What products or services will my business provide?
Am I prepared to spend the time and money needed to get my business started?
What differentiates my business idea and the products or services I will provide from others in the market?
Where will my business be located?
How many employees will I need?
What types of suppliers do I need?
How much money do I need to get started?
Will I need to get a loan?
How soon will it take before my products or services are available?
How long do I have until I start making a profit?
Who is my competition?
How will I price my product compared to my competition?
How will I set up the legal structure of my business?
What taxes do I need to pay?
What kind of insurance do I need?
How will I manage my business?
How will I advertise my business?
A question I will add to this list is ,” Am I willing to spend the next five years developing and working long hours to make this business a success?
It takes a lot of dedication and tenacity to see a dream become reality that you can make a living from. If you are not willing to go all out, you may as well go fishing because for the next five years, you will not have time to fish, or play basketball, or go on a vacation with the family. It is your choice, make it wisely and make sure the family understands their part in the decision to own your own business.
NOW DO THIS: one more comparison: Compumatix.ph and Cryptoceeds to see how you would answer the same questions. It won’t take five years or a big investment. In fact, you can basically start for very little.