It is generally agreed that
we need more business
start-ups. Small businesses
are engines for economic
growth, innovation and
employment. We need more
entrepreneurial activity and
that means more individuals
taking the dangerous,
difficult and courageous
decision to start their own
business. How do you go
about starting a new
business? Well obviously
you need a good idea. Once
you have one I recommend
that you ask yourself these
questions:

1. Am I good at this? Do I
have the skills; talents
and experience that will
help me succeed in this
venture? Make a list of
your strengths and
weaknesses. Does this
venture play to your
strengths? How can you
compensate your
weaknesses?

2. Do people really need
what I will offer? Who
will buy it and why will
they need it? If there is
no customer need then
the business will fail.

3. Can I make money doing
this? Once it is up and
running will it make a
good profit? If not, why
bother?

4. Do I have a business
plan? Things will not go
according to your plan
but the act of making the
plan helps you greatly.
You will need a sound
written plan if you want
a loan or investment.

5. Do I have the financial
resources to get this off
the ground? New
businesses generally take
more time and more
money than you at first
expect. Will you be able
to build the business and
cover your living costs
for the period until cash
flow is positive?

6. Does my family support
me in this initiative? It is
important to discuss
your plans with your
immediate family and get
their buy-in. It will be
needed in the difficult
months ahead.

7. What is different about
my business? Is it similar
to other businesses or
do I have something
unique to offer? Why will
customers choose us
rather than the
competition? It is more
important to be different
than to be better.

8. What is my sales and
marketing strategy?
Who is the target market
and how will I reach
them? Can we test the
sales proposition with
some target clients
before we go live?

9. Do I have a support
network of colleagues or
friends who can help me
and compensate for my
weaknesses or lack of
experience? Most
successful start-ups are
partnerships where
there is a balance of
strengths. If you do not
have partners in the
business do you have a
network of contacts and
helpers who can advise
and assist?

10. Is there a plan B? If
things do not go
according to plan is there
a fall-back strategy for
me personally and for the
business? Am I flexible
enough to adapt and
cope with the
vicissitudes of a start-up?


You need positive answers to most if not all the question. Even then it will take enormous commitment and hard work to make the new venture a success.
Good luck with your new start up

I swear this worth package inside an ebook