Congratulations! You’ve decided to start a business and become an entrepreneur. You’ve made your mind up, which is good. But, now you’ve probably got a million questions. That’s a good thing.
At this stage in the game, it’s all about asking yourself the right questions. Asking yourself which color your business card should be is not a good question.
Instead, you want to ask yourself questions that will provide clarity of purpose on a day-to-day basis, because a day of uncertainty is a day wasted. Another major benefit of asking yourself the right questions is that the answers will lead you to greater productivity and quicker cash flow.
And remember, without cash flow, you don’t have a business. You have a hobby. The way you generate cash flow is by knowing what you’re selling, why you’re selling it, who wants it, why they want it and where to reach them. You determine that by asking questions like:
- What is my market size
- What are the market price points?
- What is my market demographic?
- What is the need of this market?
- Where are the market communities?
- Who are my market competitors?
Having all the answers to above questions, you can then dive into the amazing entrepreneurial journey!