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

Why you should not hire me, reasons here

I think you should not hire me to do work, you should not pay me for my efforts, you should not make me part of your project, business or team. Why, here are my reasons 1. I am not yes boss person, I am straight forward, you like it or not who cares. 2. I am lazy. I don't like to carry my cell phone everywhere, it makes my weight some extra. 3. I am time waster. I take my own time to finish a task. I cannot work in hurry. 4. I am unavailable. I love my sleep. I  stay in silent zone. You need to fix time to speak on important stuff. And you should be available in given time. 5. I am not good friend. I won't tell your team where do I live. When I do party. What is my age? How much I earn. I don't want anyone to peep into my personal space. 6. I perform poorly. You are looking to make that thing so big, you are looking to beat an intel or google. I hate doing things which are done already. 7. I am mean. Perhaps you running this business for money. Sorry, my prices are high. 8....
Post a Comment
Read more

Valentine's day: An opportunity to thrive in career

 The month of February, precisely 14th February, gives us a chance to live in the present, accept change and embrace new opportunities. Generally, supposed as a festival of young adults, beyond common beliefs, the festival is for everyone who can spread a message of love and peace, who can share a smile. Life is all about partnership, without partnership it should be boring, then there shall happen no competition, you will do everything alone and you will always stand a winner. Imagine going out with your best friend, shake hands with small children, sharing your portion of meal with someone sitting on a street corner, asking change, hiding best handwritten card in your best friend notebook reading something truly lovely, gifting a rose to your parents, playing an indoor game with your siblings, or taking an initiative to clean the seas, would not these acts be ultra satisfying? To join a celebration is a personal choice, to celebrate any day or not is fundamental human rights, cre...
Post a Comment
Read more

6 Reasons Your Website Need A Remake In ‘New Year’

Everything needs a remake so does your website. Time is changing, perhaps the time you started your first ‘Hello World’ page was the era when Mars was a mystery, but now we know, the red planet has signs of water. Today we can draw planet mars on paper much explicitly. How old you were when writing your first web page stared? Perhaps, you want to say, that’s none of my business or you were older than I can think. Well, do you eat same food, wear same cloth or sleep on same bed where you were sleeping couple years back? I am sure, now your answer is a firm NO. Then why your website is still lying in those fixed frames? No matter how big your brand is, taking little care of your website every now and then will surely boost your business. What’s the time better than the festive season to look for a website design overhaul? Your website needs a change for following reasons:
Post a Comment
Read more