8 Questions to Ask Yourself When Starting a Business

Micheal Heffernan
Mind Map by Micheal Heffernan, updated more than 1 year ago
Micheal Heffernan
Created by Micheal Heffernan over 3 years ago
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Description

The following 8 questions will help you outline your company's potential. The objective is simply to help you decide how well your proposed venture is likely to match up with your goals and objectives. Source: https://www.entrepreneur.com/article/38292

Resource summary

8 Questions to Ask Yourself When Starting a Business
1 1. What initial investment will the business require?
2 2. How much control are you willing to give to investors?
3 3. When will the business turn a profit?
4 4. When can investors (and you) expect a return on investment?
5 5. What are the projected profits of the business over time?
6 6. Can you financially devote yourself to the business full time?
7 7. What kind of salary or profit distribution will you be able to take home?
8 8. What are the chances the business will fail? What happens if it does?
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