20 Startup Business Questions

1. Am I prepared to spend the time, money and resources needed to get my business started? 2. What kind of business do I want? 3. What products/services will my business provide? 4. Why am I starting a business? 5. What is my target market? 6. Who is my competition? 7. What is unique about my business idea and the products/services I will provide? 8. How soon will it take before my products/services are available? 9. How much money do I need to get my business set up? 10. How long can I have to finance the company until I start making a profit? 11. Will I need to get a loan? 12. How will I price my product compared to my competition? 13. How will I market my business? 14. How will I set up the legal structure of my business? 15. How will I manage my business? 16. Where will I house my business? 17. How many employees will I need to start up? 18. What types of suppliers do I need to contact? 19. What kind of insurance do I need to invest in? 20. What do I need to do to ensure I am paying my taxes correctly? SOURCE: 20 Questions Before Starting a Business SBA.gov