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Questions To Ask Yourself Before Starting A Business

Tavie David Okolobi
(@tavidee)
Eminent Member
0001 4019048514 20210708 122940 0000

 

Here are some questions to help you decide whether or not to run your online business.

1. What problem am I solving?🤔

You should be able to say "My product will solve ........... problem".
If you can’t answer that, I advise that you go back to the drawing board and get it right. Your business should have a purpose.

2. How much do I need to start?💲

Do you require a start up capital? Can you start from scratch with no financial commitment? These questions need to be honestly answered.

3. Who else is doing this?👀

You can’t win the game if you don’t know the players. Do a simple Google test to see who else is out there doing what you're doing. Know your competition.

4. What makes you unique?💫

Your own uniqueness can come from a lot of different areas of your business. Become more unique by being in alignment with what the future of your business will look like.

5. What resources do I need to get started and eventually scale?💥

Make a list of everything you have that can help you: mentors, people, skills and anything else. You’ll be surprised how resourceful you can be.

All the best.😎

Quote
Topic starter Posted : 08/07/2021 11:39 am
JayDollar liked
JayDollar
(@jaydollar)
Honorable Member

Wow

These are very important and powerful questions to answer before embarking on any business.

Thanks for sharing this information friend.

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Posted : 09/07/2021 1:39 pm
Antoine.Assaker
(@antoine-assaker)
Estimable Member
Posted by: @tavidee
0001 4019048514 20210708 122940 0000

 

Here are some questions to help you decide whether or not to run your online business.

1. What problem am I solving?🤔

You should be able to say "My product will solve ........... problem".
If you can’t answer that, I advise that you go back to the drawing board and get it right. Your business should have a purpose.

2. How much do I need to start?💲

Do you require a start up capital? Can you start from scratch with no financial commitment? These questions need to be honestly answered.

3. Who else is doing this?👀

You can’t win the game if you don’t know the players. Do a simple Google test to see who else is out there doing what you're doing. Know your competition.

4. What makes you unique?💫

Your own uniqueness can come from a lot of different areas of your business. Become more unique by being in alignment with what the future of your business will look like.

5. What resources do I need to get started and eventually scale?💥

Make a list of everything you have that can help you: mentors, people, skills and anything else. You’ll be surprised how resourceful you can be.

All the best.😎

Hello brother, I just need to clarify something, there is a lot of business where you start with 0 budget like youtube for example, but actually you are not starting from zero, actually, you are investing time, effort and value in it, which is way more important than money.

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Posted : 10/07/2021 5:52 am
Tavie David Okolobi
(@tavidee)
Eminent Member
Posted by: @antoine-assaker
Posted by: @tavidee
0001 4019048514 20210708 122940 0000

 

Here are some questions to help you decide whether or not to run your online business.

1. What problem am I solving?🤔

You should be able to say "My product will solve ........... problem".
If you can’t answer that, I advise that you go back to the drawing board and get it right. Your business should have a purpose.

2. How much do I need to start?💲

Do you require a start up capital? Can you start from scratch with no financial commitment? These questions need to be honestly answered.

3. Who else is doing this?👀

You can’t win the game if you don’t know the players. Do a simple Google test to see who else is out there doing what you're doing. Know your competition.

4. What makes you unique?💫

Your own uniqueness can come from a lot of different areas of your business. Become more unique by being in alignment with what the future of your business will look like.

5. What resources do I need to get started and eventually scale?💥

Make a list of everything you have that can help you: mentors, people, skills and anything else. You’ll be surprised how resourceful you can be.

All the best.😎

Hello brother, I just need to clarify something, there is a lot of business where you start with 0 budget like youtube for example, but actually you are not starting from zero, actually, you are investing time, effort and value in it, which is way more important than money.

I totally agree with you. 

In this context though, I'm sharing from a financial standpoint.

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Topic starter Posted : 15/07/2021 11:53 am
batoolabbas
(@batoolabbas)
Reputable Member

Hey, these are good tips to use so that it clarifies what’s the business is about. Thanks for sharing it. 

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Posted : 16/07/2021 12:55 am
Muhammad aown
(@muhammad-aown)
Famed Member

If you have some money to start, then it is really good if you don't have then you will need some work to do.

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Posted : 17/07/2021 2:20 am
Makemoneytactic
(@makemoneytactic)
Eminent Member

Yes, getting the right answers will help you know how to start and what you need to start. Then when you get all the factors, you can put a plan. 

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Posted : 06/08/2021 2:13 pm
Waleed Shafiq
(@waleedshafiq99)
Famed Member
Posted by: @jaydollar

Wow

These are very important and powerful questions to answer before embarking on any business.

Thanks for sharing this information friend.

Yeah, they really are very helpful and life-changing. 

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Posted : 20/11/2021 8:57 am
Waleed Shafiq
(@waleedshafiq99)
Famed Member
Posted by: @muhammad-aown

If you have some money to start, then it is really good if you don't have then you will need some work to do.

Exactly. If you have some capital at the beginning it will help a lot to start things easily.

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Posted : 24/01/2022 1:56 pm
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