What to know before starting a business 

1

Do you have resources (physical, intellectual, human or financial) for company establishment?

2

What are the company’s costs (ex. salaries, rent) and how should that affect pricing?

3

How would the company generate income?

4

How many goods/ services need to be delivered in order for the company to generate a profit?

5

Identify your key partners and suppliers essential to the business.

6

Which companies are already offering similar goods or services to your planned product?

7

What makes your product/service different from the rest?

8

How will the company reach its customers?

I KNOW THESE ANSWERS 

I DON’T KNOW THESE ANSWERS

Good Business Tip #2: rely on numbers

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