Renee Matlock, the owner of The Private Practice Coach, shares with clients her wealth of experience, gained over 30 years of building a profitable, multi-disciplinary private practice.
BLOG: Starting a New Business? 22 Questions to Ask Yourself
Starting a New Business? 22 Questions to Ask Yourself
So you are starting your own business! If you are like I was when I first started out, there are a million and one thoughts running through your head. As you are starting your business, here are 22 important questions to ask yourself.* Take time to think about the questions and even write down your answers. This is a good exercise for you to complete to get focused on what’s important.
- Why am I starting a business?
- What kind of business do I want?
- Who is my ideal client/customer?
- What services or products will my business provide?
- Is there a market for these services and products?
- Will my client/customer be able to pay for these services/products?
- Am I prepared to spend the time and money needed to get my business started?
- What differentiates my business ideas and the services or products I will provide from others in the market?
- Where will I locate my business?
- Will I need employees? How many?
- What will I need in terms of equipment, materials and supplies?
- How much money will I need to get started?
- Will I need to get a loan?
- When will I open my business?
- How long will it take before I am operating at a profit?
- Who are my competitors?
- How will I price my services/products?
- How will I set up the legal structure of my business?
- What taxes will I need to pay?
- What kind of insurance do I need?
- How will I manage my business?
- How will I market/advertise my business?
By answering these questions you will be able to target the key business decisions that you will need to make!
*Adapted from http://sba.gov/content/20-questions-before-starting-business
