We Need To Understand A Few Problems Before Starting A Business.

1, idea: This is a good idea. idea Let's start from a shallow perspective. Not every idea is worth doing. Only your mother thinks it's good, but it doesn't mean it's really good. Too many people are holding the mentality of "if I start the product up and the money is coming," this idea is tempting and dangerous. For example, not just because you love dogs, you think that a dog's tooth whitening pen can be accepted by most people. Some ideas may seem great at first, but you should ask yourself a few key questions to see if it is really reliable.

Is there really demand? How big is the demand?

How many competitors are there in this field?

How many potential customers do you have?

Do you have the unique ability to provide products / services?

Do you have the experience and enthusiasm in this field?

What is the trend of the market / industry in the future to make your product / service more attractive or less attractive?

2, execution: are you able to carry out your ideas effectively? Although a reliable business concept is good, effective execution is quite another matter. You have the idea of selling a puppy tooth whitening product that may be a need for the market, a feasible idea, but how effective can you execute it? How do you make products? What's the effect of it? How easy is your product to use? How do you sell and deliver products in the market? Here are the key issues to consider when your business concept can be effectively implemented:

How will you provide high quality customer service?

What is the quality level of your product or service?

How can you effectively produce your product / service?

What is your time to enter the market?

How did your product / service come into being? Did it come true?

How easy or difficult is it to sell products in the market?

3, profitability: is your business model profitable? Unless you want to create a non-profit organization, most people want to make money (if you can't control the level of profits, your company may not last too long). Therefore, it is very important to evaluate your overall business model. Should you consider your pricing structure for your dog's tooth whitening products? Will you sell the whitening pens alone or in bulk? Do you sell whitening pens or do you offer other whitening services? Where will you sell: online, through spa, veterinarian, or retail Business? Considering these issues can help you assess your business model and profitability potential:

What is your cost structure and how much do you charge?

How much does it cost to get a customer?

What is the expected (quantified) demand?

Do you sell to individuals or groups? Retail or wholesale?

What sales channels do you use? Do you participate in online, physical stores, or through distributors?

Do you focus on B2B or B2C mode?

Do you use franchising mode?

Are you here? Sale Products, services or both?

These problems can not replace a comprehensive business plan, but as a simple guide, they can help young entrepreneurs to carry out critical reviews before starting their business.