Top 25 Questions to answer before you start

If you liked your answers from “Is Starting Your Own Business for You” and you think you are ready, then get your notepad, IPAD, computer or something to record your answers to our Top 25 questions to answer before you start a business!

  1. What’s my number one reason for starting a business? My second reason?
  2. What will success look like in my business in 1 year? 5 years?
  3. What kind of business do I want?
  4. Am I prepared to spend the time needed to get my business started?
  5. How will I set up the legal structure of my business?
  6. What products or services will my business provide?
  7. What types of suppliers do I need?
  8. How soon will it take before my products or services are available?
  9. Where will my business be located?
  10. Am I prepared to spend the money needed to get my business started?
  11. Is my credit good?
  12. How much money do I need to get started?
  13. Will I need to get a loan?
  14. Who is my competition?
  15. How will I price my product compared to my competition?
  16. Who is my ideal customer?
  17. How will I advertise my business?
  18. What differentiates my business idea and the products or services I provide from others in the market?
  19. How long do I have until I start making a profit?
  20. How will I keep track of my sales, expenses and income?
  21. What taxes do I need to pay?
  22. How many employees will I need?
  23. Do I need to protect my products or business?
  24. What kind of insurance do I need?
  25. How will I manage my business?