Introduction: Defining Your Business
Below is a breakdown to getting started. Answer these 20 questions prior to starting to give yourself a clear starting point in your planning.
- What are your products and/or services?
- Who is your principal target audience?
- How general or specific is your customer or clientele base?
- Are you doing business in generalities or is your business more niche based?
- How much capital do you need to raise?
- Do You need order fulfillment?
- Do you have a wholesaler in mind?
- Is your service licensed?
- Do you require further training or education?
- Have you written your business plan?
- Are you operating out of your home?
- Does your business require travel?
- Do you have a slogan?
- How memorable does your business name need to be? Is it too much?
- Do you need a team?
- Is your business a trade?
- Do you have onsite inventory?
- Are you selling merchandise that will have your company logo?
- Is your business based on an idea?
- Do you have all legal documentation in order: like patents, licenses, trademarks, copyrights, etc.