Skip to main content

8 questions to answer yourself before starting a business

Fail is scary, imagine putting time, efforts and money in a business and overnight you realize its all drained. One of the biggest reasons of a failed business is lack of knowledge. Many people start something because someone doing same and earning good money. When you do a business based on words and mouth, based on noises you are bound to fail, that will happen sooner or later. So before you start, give ample time to decide where you will put your money. Here are few things to consider before you take the first step
Ask yourself following questions:
  • Do I have knowledge in the said area of business?
  • Do I have many connections in this area of business?
  • Do I have accessibility to resources?
  • Do I have enough knowledge of sales funnel?
  • Do I have enough funds to begin?
  • Shall I be able to invest enough time for the work?
  • Shall I be able to keep enough patience?
  • Do I have reasonable backup plan in place?
Answer all those questions as Poor Average and Good. If you have at least 4 or 5 good and 2 or 3 average then you can go for this. However, before you begin improve in the weaker areas. Tall building cannot be built over muddy grounds.


Labels:

Comments

Post a Comment

Popular posts from this blog

Yours Truly going to be Jobless 00:00:00 Hours New Year Day

 Come January 1, 2026 and I will be without work. Indeed I was working on a Contractual Basis since 2007, however, role was like permanent. There was no need to look for more customers, irrespective of earning, managing multiple clients is not so easy, so I can work properly, I managed my lifestyle within available resources. I need a job to sustain living, rent comes first? Are you Hiring? Please feel free to send your detailed requirements to my email DK@DKOffice.in You can count on me for: Copywriting, Content Writing, SEO Writing, Social Media Post Writing, Content Revision, Academic Writing, Course Creation, Editing, Proofreading, Staff Training (if you have a bunch of people I can provide writing classes); and growth. I can build your company from scratch, can revive it, boost sales by implementing OKRs. My OKRs are simple Learning by Doing Approach. Ready to work without pay on Equity Share Basis with terms and conditions mutually agreed upon. Please feel free to discuss if ...
Post a Comment
Read more

Importance of HTML, CSS and Javascript in Website Content Writing

<html> <body> <h1>My First Heading</h1> <p>My first paragraph.</p> </body> </html> Is this something strange to you, and you are someone whose job is producing website content, publishing blogs and writing press releases? If your answer to the above question is an ‘yes’ you must need to learn dirty looking codes, and once you learn them, you will enjoy working with them.
Post a Comment
Read more

Why TINY (small) business shall not count on SEO but paid campaign first

Search Engine Optimization (SEO) is very slow process.  If your are a business owner,  already have businesses,  and making profit, then you can hold on,  wait for couple of months to grow your business organically through search engines like Google. However,  if you are a new business and looking for immediate profit,  do not count on SEO.  It's a slow process.  Perhaps,  by the time your business grow through seo you will need to close it because of no actual results. Actual result means sales that can make more money than expenditures. If you are new in business instead of hiring seo guy I will suggest you to spend money on paid campaign like adwords,  Facebook ads etc. If you have better budget,  go hand in hand for paid advertising and seo else put money but WISELY on paid campaigns to generate some quick sales. No, no, do not take a hurried decision. Through paid campaigns you can reach to your potential customers but conv...
2 comments
Read more