Is Entrepreneurship for You?

According to the government website SBA.gov, there are 20 Questions to ask yourself before starting a new business:

  • Why am I starting a business?

  • What kind of business do I want?

  • Who is my ideal customer?

  • What products or services will my business provide?

  • Am I prepared to spend the time and money needed to get my business started?

  • What differentiates my business idea and the products or services I will provide from others in the market?

  • Where will my business be located?

  •  How many employees will I need?

  •  What types of suppliers do I need?

  •  How much money do I need to get started?

  •  Will I need to get a loan?

  •  How soon will it take before my products or services are available?

  •  How long do I have until I start making a profit?

  •  Who is my competition?

  • How will I price my product compared to my competition?

  •  How will I set up the legal structure of my business?

  • What taxes do I need to pay?

  • What kind of insurance do I need?

  • How will I manage my business?

  • How will I advertise my business?

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