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.


Comments

Popular posts from this blog

Power website content writing hook audience in webpage

Don’t let your user scroll down, write powerful website content that offer an answer and addresses a problem. Website Content Writing is the newest among all careers added in the portfolio of the work industry. World is becoming virtual, its dimensions are contracting via means of fastest communications and websites added an extra dimension into this. There are millions of domains supported with several hundred TLDs sitting on different platforms to provide us anytime anywhere information. Websites are proving a boon to IT Communication. As today we do not talk about communication rather we talk about IT Communication, AI Communication etc. The IT industry is expanding its horizons covering other industries. CEOs, business managers, developers and programmers work day and night to communicate better via means of a website, app or AI tool.   Website is the right hand of any business. The 9 to 5 era is long gone. Now, it's a matter of convenience when to work and when to sleep. When ...

How to decide domain name

Target Audience Target audience geography Language spoken by target audience Primary purpose of domain Meaningful words Presence of words in dictionary Word pronunciation Sound clarity while speaking Domain name character length Repetition of characters Use of numbers Use of special characters Use of grammar Business nicheow  How to decide domain tld How to decide domain host

Consistency pays the dividend

That's not a great headline, right? That's not attention grabbing, right? Only two words are there or you can say 3 which are very broad terms. So nothing new in this post, of course nothing new. But it's my story of making money from blogspot with a custom domain. Indeed that domain I am not working anymore. That was subdomain of www.careercare.info and sub was examalert Initially, I was casual in posting, what grab my attention was blogger dashboard stats, ki thought OK that means it's something useful, traffic started pouring in, and I think in a matter of 3 to 4 months it started making 1usd a day, this is when I thought let's make it bit more consistent. I focussed on UI/UX within available resources and now it started making 30 usd a day. This was in 2013 I think and in those times money was  OK like to pay my bills. Google was biggest cheque maker. This domain www.dkoffice.in not made any money from adsense however it's reach is broad and atleast this ear...