8 Questions to Ask Yourself When Starting a Business

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
Micheal Heffernan
Mind Map by Micheal Heffernan, updated more than 1 year ago
Micheal Heffernan
Created by Micheal Heffernan over 7 years ago
31
2

Resource summary

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

                  Similar

                  The skills needed to be a successful entrepreneur
                  Rosie Wallis
                  How to Write a Business Plan
                  Micheal Heffernan
                  Motivating and Satisfying Employees and Teams
                  YIN SZE Lim
                  Forms of Business Ownership Quiz
                  Noah Swanson
                  Unit 3 Business Studies
                  Lauren Thrower
                  Contract Law
                  sherhui94
                  AQA Business Unit 1
                  lauren_binney
                  Digital Marketing Strategy - The Essentials
                  Micheal Heffernan
                  What is Marketing?
                  Stephanie Natasha
                  Chapter 18 - Marketing mix(Product & Price)
                  irene floriane
                  Market Segementation
                  Noah Swanson