OGF Academy: 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?

OGF Academy