Business questions to answer

[solomon]

Questions you must ask yourself before venturing into business; they are quite and are a must to ask yourself and answer them. Reasons being that one want to serve the public and it is for the public.
Here are some questions to contemplate on:
1. What is the need of the public?
2. What will be the solution to the need?
3. Can I offer the solution?
4. How can I offer them?
5.Do they need it now?

 

[IB D]

Ask yourself too if the public would love to pay for the solution that you want to provide.

 

[Shavkat]

All of these questions can be answered when a business owner conducts a business feasibility study.

 

[eldavis]

Whatever business you are starting, needs to be able to sort out the needs of the people around you, this is why you must know what the people needs before starting he business. Another question you should ask yourself is the level of risk the business carries and if you can handle it.

 

[timewo]

Sometimes there is demand for the service, yet bigger companies are robbing all the leads and orders, so it is not feasible.

 

[Kera]

All of these questions can be answered when a business owner conducts a business feasibility study.

That's true. A proper feasibility and a sincere evaluation would be able to answer all these questions and give you a proper guidance on what to do.

 

[King Belieal]

Whatever business you are starting, needs to be able to sort out the needs of the people around you, this is why you must know what the people needs before starting he business. Another question you should ask yourself is the level of risk the business carries and if you can handle it.

That is the question of demand that every business should always ask. Not just solving the need. But asking yourself how desperately people want these needs solved for them so they can be willing to pay for it.

 

[Nite]

One needs to consider these questions before starting a business in order to make sure that they are meeting a genuine need and providing a valuable solution to the public.

 

[cherry123]

For me it is always about what I can offer them to make profit if possible good profit off it. When you get it right you make money

 

[Min George]

Some people don't seek to explore the ways to offer the solution. They just rush in to offer solution that they don't find profit in for the market level.

 

[Nite]

Rushing in without considering the profitability or viability of the solution can lead to wasted time and resources.

 

[Kosi G]

One aspect that business people don't consider when setting up a business is timing. That is very important in solving a need. Is the market ready now or later?

 

[Nite]

Indeed, a product or service, no matter how innovative, can fail if introduced at an inappropriate time.

 

[Unyime]

All of these questions when asked and answered properly would convince a business person whether to start or not.

 

[nomad]

Before you start a business you need to ask yourself what kinds of products you are selling and who are your ideal customers

 

[Nite]

Knowing your target market will also give you a guide on pricing decisions, distribution channels, and how to grow the business.