Questions Before Starting
Before launching into a new project make sure it’s worth your while.
Before starting your business, make sure you take into accountant the following:
Why am I starting a business?
What kind of business do I want to start?
Who are my customers going to be?
What product/service am I offering?
Is it good value for money?
Would you do this just for fun?
Is there a gap in the market?
Does it make a difference for people’s lives?
Will it be profitable enough in order to keep going?
Where will my business be located?
Would I need to employ people?
How much money do I need to start?
Would I need a loan/investment?
How long would it take for your product/service to be buyable?
How long would it be before I start making profit?
Am I going to be partnered with another related company?
Who is my competition?
What makes me different?
What is my USP?
What is my marketing strategy?
How am I going to bring in sales?
How will I set up the legal side of the business?
What taxes do I need to pay?
What type of insurances do I need?
How will I managed my business?
Do I need an Accountant?
Will I be taking a salary in the first year?
How am I going to advertise my venture?