A lot of people during this recession, dream of starting their own business.
We have a small list of questions where, your answers will help determine if this small business venture is for you, or it will give you some kind of idea of where you should spend more time in your planning.
Are you ready to spend the time, money and resources needed to get your business up and running.
First.. you have to ask yourself, what kind of business do you want.
Second… What kind of products or services will your business provide.
Three…. at this time we have to ask ourselves again…. why are we starting this business?
Four… Now, what type people will my marketing target be.
Five… This brings you to the time of knowing how familiar you are with your business to ask….. Who will my competition be?
Six…. What am I going to do unique enough with my business ideas and products or services that I will provide.
Seven… How soon will I be able to provide the products or services.
Eight… Will I have enough money to get my business up and running?
Nine…. If I financed the company…. how long will it take before my business starts to see a profit?
Ten… Will my business need a loan?
Eleven… How much will I need to know about my services and products, to keep them priced as compared to my competition?
Twelve… What decisions will I need to make on marketing the business?
Thirteen… Will I need to set up a legal structure for my business?
Fourteen….. What will the management of my business be?
Fifteen… In what type of location or where will my business be housed?
Sixteen… How many of employees will it take to start up?
Seventeen…. What type of suppliers will I need to keep in contact with for me to keep my business going?
Eighteen… What kinds of insurances will I need for my own protection?
Nineteen…. What do I have to do to make sure that I am paying all the taxes correctly?
Thank you for reading this, and I hope that it helped in some kind of way to give you an idea on what you need to start your own business.
Thank you and keep on reading.