Thursday, August 14, 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 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.

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