OK before you start a business you need to ask some very pointed questions
- What am I going to sell?
- Who am I going to sell it too?
- Where am I going to sell it, Storefront (if so where), Ebay? Other?
- How will I convince them to buy it from me?
- Where am I going to get my product?
- What will my costs be for this product? (wholesale, taxes, staff, rent etc)
- How much will I sell it for
- What Volume do I expect to sell?
- What Volume do I really expect to sell. (As in think I will sell not wish I would sell)
- How am I going to fund this?
There is a group called “SCORE” that is a group of retired execs that help people starting up