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  • Get Ready To Start Your Own Business: 1. What Business Is Right For You? Use The Following Questions To Help You Decide

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    This document provides guidance on starting a new business by first considering personal interests, skills, and hobbies to determine a suitable business idea. It then recommends identifying a unique demand or need in the marketplace that the business could fill. Finally, it lists practical considerations for pre-business planning such as required skills, equipment, funding needs, business location, and name. The overall document offers a process for identifying a viable business concept and preparing necessary operational aspects before launching a new venture.

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    This document provides guidance on starting a new business by first considering personal interests, skills, and hobbies to determine a suitable business idea. It then recommends identifying a unique demand or need in the marketplace that the business could fill. Finally, it lists practical considerations for pre-business planning such as required skills, equipment, funding needs, business location, and name. The overall document offers a process for identifying a viable business concept and preparing necessary operational aspects before launching a new venture.

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    10 views1 page

    Get Ready To Start Your Own Business: 1. What Business Is Right For You? Use The Following Questions To Help You Decide

    Uploaded by

    aoiwefowei
    This document provides guidance on starting a new business by first considering personal interests, skills, and hobbies to determine a suitable business idea. It then recommends identifying a unique demand or need in the marketplace that the business could fill. Finally, it lists practical considerations for pre-business planning such as required skills, equipment, funding needs, business location, and name. The overall document offers a process for identifying a viable business concept and preparing necessary operational aspects before launching a new venture.

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    © All Rights Reserved
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    of 1

    Get Ready to Start Your Own Business

    1. What business is right for you? Use the following questions to help you
    decide:

    What do I like to do with my time?


    What special skills to I have?
    What do others say I'm good at?
    Do I have any hobbies or interests that are marketable?

    2. Identify the unique place or demand your business will fill in the
    marketplace. Use the following questions to help you decide:

    What business am I interested in starting?


    What services or products will I sell?
    Is my idea practical, and will it fill a need?
    What is my competition?
    What advantages do I have over similar existing businesses?
    Can I deliver a better quality service?
    Is there a demand for my business or can I generate one?

    3. Pre-business checklist, practical considerations:


    What skills and experience do I bring to the business?
    What equipment or supplies will I need?
    How will I pay myself?
    What resources do I have?
    How much money do I need and how much do I have?
    Where will my business be located?
    What name will I give my business?

    First Steps How to Start a Small Business SBA (Small Business Administration)
    http://www.myownbusiness.org/course_sba.html
    accessed 1/06/06

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