8 Things to Think About Before Starting a Small Business

starting a small business
What needs to happen to make that open sign a reality?

Thanks to the Internet, starting a small business is a dream much easier realized than ever before. Here are our top 8 questions to ask yourself before taking the plunge.

1. What problem are you solving?

You may see a great need for silent dolphin whistles, but what about the rest of the world? Regardless of your passion, take an objective look at your target market and figure out what their problems are. Finding a fresh way to solve a problem is the first step toward starting a small business.

2. Do you have enough competition?

It may sound counterintuitive, but guess what? If there is zero competition in your niche, it means that a) no one wants what you’re selling, and b) someone else has tried it and failed. Make sure other people are already making money at what you’re trying to do, then find a way to do it better. Continue reading “8 Things to Think About Before Starting a Small Business”