Discussions of Entrepreneurial Issues Critical to Early-Stage Companies and Their Founders and Executives.
Saturday, July 26, 2014
Friday, July 25, 2014
The Five Questions to Ask Before Starting Your Business
What are the five most important questions an inventor/entrepreneur
must ask and answer before deciding to start a new business? Here are my
five:
1.
Does any other person or entity own this idea,
invention, or innovation?
2.
Is there a significant market for products to be
made or services to be provided?
3.
Is there a business model that makes sense; that
is, can the business be profitable?
4.
How much money (e.g., investment) will I need?
5.
Can I write a persuasive business plan?
In my following blogs I will address each question. Please feel free to
comment.
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