10 QUESTIONS TO ASK BEFORE STARTING A PROFITABLE BUSINESS.
Monsuru Sodeeq
Data Science & Economic Analyst | Author & Speaker | Expertise in trade data standardization and regional economic analysis using tools like Power BI, Tableau, Python, SQL and Data Governance framework.
10 QUESTIONS TO ASK BEFORE STARTING A PROFITABLE BUSINESS.
I have compiled a list of 10 helpful questions aspiring business owners should ask before investing their money. My experience as a business associate and interactions with successful business owners inspired these questions.?
1. WHY DO YOU WANT TO START A BUSINESS?
2. WHAT IS YOUR PASSION? IS YOUR PASSION RELATED TO PRODUCTION OR SERVICE DELIVERY?
3. WHAT IS THE PROBLEM YOUR COMPANY IS TRYING TO SOLVE, AND WHAT CAN YOU DO TO BLOCK THE LOOPHOLE? WHAT IS THE CUSTOMER PAIN?
4.???WHO ARE YOUR POTENTIAL CUSTOMERS???
5.???HOW DO YOU INTEND TO REACH YOUR CUSTOMER???????
6.???WHAT KIND OF SOLUTIONS IS OBTAINABLE IN THE MARKET, WHICH COMPANY OFFERS THE SOLUTIONS??
7.???WHAT RESOURCES DO YOU NEED TO SERVE THE TARGET MARKET?????????
8.???HOW WILL YOU SOURCE FOR THE BUSINESS RESOURCES?????????
9.???WHAT ARE THE KEY DEPARTMENT NEEDED TO START YOUR BUSINESS?????????
10. WHAT WILL YOU DO TO REMAIN COMPETITIVE IN YOUR BUSINESS??
If you would like to listen to my response to the questions, kindly check my YouTube Channel. https://www.youtube.com/watch?v=TkFlaDsT9KA