10 Key Things You Need to Check Before Starting a Business

babeltop (37)in #undefined • 6 years ago (edited)

1. Yourself: Your characteristics and dreams, preferences and persistence, your surroundings, and how you build relationships with those around your surroundings
2. Capacity: Financial resources you can obtain, abilities you have to achieve what you want, learning capabilities and intellectual power to pursue the new
3. Product: Your reputation, elegance, and the level of completeness of the services and products you will create
4. Timing: Whether it is the exact time to do it or not, whether it is the trend of the past or the present or a more distant future, and whether a crisis is imminent
5. Luck: Whether the chance is more luck than hard work, whether the transformation of quantity into quality is imminent, whether the technology is reaching critical mass, and what influence the popularity of you and those around you will have on your business
6. Cause: Whether the business has a clear cause, organizational vision, and a mission that executing organizations should have
7. Market: The market size and growth rate, the environment in which it is competing, laws and regulations, and how customers generally feel about the market
8. Order: Whether orders for tasks and collaboration are known and followed, and whether priorities can be properly set
9. Documentation: Whether agreements, papers, results and achievements are being documented and used, and whether preparations for risk are being made
10. Change: Things always change, how will you pivot and how will you make your exit, and how sensitive you are to change!