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 it, can the business be profitable?
4. How much money (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.

I am republishing this starting blog because of technical issues.