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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