Questions Before Starting a Business

So you’ve got what it takes to be an entrepreneur?
Now, ask yourself these 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. Will I need to get a loan?
11. How soon will it take before my products or services are available?
12. How long do I have until I start making a profit?
13. Who is my competition?
14. How will I price my product compared to my competition?
15. How will I set up the legal structure of my business?
16. What taxes do I need to pay?
17. What kind of insurance do I need?