5 Key Questions You MUST Ask Yourself Before Starting A Business
What Problem Am I Solving?
: Identify the specific problem your business will address and how it meets a real need in the market.
Who Is My Target Audience?
: Define your ideal customers and understand their needs, preferences, and behaviors.
What Is My Unique Selling Proposition (USP)?
: Determine what sets your business apart from competitors
What Are My Start-Up Costs?
: Calculate the initial investment required and assess whether you have
What Is My Business Model?
: Define how your business will make money, including pricing strategies
How Will I Market My Business?
: Develop a marketing plan to reach your target audience and build brand awareness.
What Are the Legal and Regulatory Requirements?
: Research the legal steps needed to start your business
Do I Have the Necessary Skills and Resources?
: Assess your skills and resources, and determine if you need additional training
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