Are you thinking of starting your own business in 2017?

Are you considering starting your own business in 2017?

You will most likely be wanting to start up your own business because you have a good business idea, the passion and commitment to see it through. Starting a business can be exciting but does require a lot of preparation to get it right first time.

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There are so many points to consider when establishing a business:

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  1. Is the idea viable?

  2. Who will be my customers?

  3. Is there a market for my idea?

  4. What is my selling point?

  5. Who are my competitors?

  6. Do i have enough cashflow?





To make it easier for you, we have prepared a 13 point checklist for you to think about now before setting up your business.

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  1. Why do I want to start a business?

  2. Do I have the right mindset and passion to start a business now?

  3. What capital do I have access to?

  4. What assets (house, money) will I putting at risk?

  5. Do I currently have any personal issues or obligations that will prevent me from putting in 100% effort into the business?

  6. What problem(s) am I solving with my business idea?

  7. Do I have a market for my business idea?

  8. Where will I find my customers?

  9. Who are my competitors?

  10. What will be my uniqueness and competitive advantage?

  11. How will I set my pricing?

  12. Can I run the business part-time before I quit my full-time job?

  13. How would I feel if this business failed? Would I regret it?


With the following points listed above, take the time now to prepare your business so that it is ready to commence in 2017. Don't leave it to chance?
Cheers,
Peter

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