8 Questions to Answer Before You Start Your Own Business
Remarkably informative article to read before you start any online business.
Remarkably informative article to read before you start any online business.
Starting a business is exciting; ideas are
boundless and possibilities are limitless. That optimism and energy is needed
to roll up your sleeves and get to work on making your dream become a reality.
But before you start tapping your savings account or 401k to fund your new
venture, be sure you can answer these 8 questions without hesitation:
1. What problem is your business solving?
1. What problem is your business solving?
We are living in an age when it
is very easy to start a business, which is great! It also means the marketplace
is noisy. So, how will you stand above the noise? You must get super clear on
the problem you’re solving and why your business is the best solution. This is
called your unique value proposition. Note: the problem you’re solving also has
to be something customers are willing to pay for.
2. How will you make money?
2. How will you make money?
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3. Who is your customer?
4. How big is your market?
5. How will you get the word out
about your business?
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6. How much money will you need to
get started?
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