34 days remaining until 2019. I know many of us have so many goals and resolutions that you have set and you want to accomplish almost all of them if not all. Probably you are thinking to start your new business and be your own boss. I have come up with some important questions you should answer to yourself to get the ball rolling.
What is your goal?
Successful entrepreneurs are those that have a particular problem that they want to solve in the market. When you are solving a problem you should remember there so many silent victims that are going through the same problem. And as an entrepreneur when you come up with the solution, every affected person will want to be part and parcel of the process. The victims, who turn to be your customers, will feel well presented.
The first time I heard about Marini Naturals (these are oils for African kinky and natural hair) I surprised that a brand has come up with products to make our hair more manageable. The brand was able to penetrate through the Kenyan market so easily because it was unique and it was solving a lot of hair problems experienced by a natural African Lady.
What is unique with your idea?
It is so obvious that every industry has a lot of competitors. For you to stand out easily as an entrepreneur, you should be unique. Sometimes it is a struggle to come up with unique ideas, but when you identify the problem that you will be solving in the market then that will be your starting point.
Uniqueness can be in many and different forms, for example: branding, quality, price, etc.
The executive still water by Nero company, the packaging is so unique it is hard to ignore the product.
Can I make money immediately I launch my business?
A good business idea will give you instant results. Immediately you launch your business, you should start getting the orders. And by that, it is a good sign that you are on the right path. All your time, energy and money should start to pay off.
If the business does not bring returns the first month of the launch you should seriously look into it and do some necessary changes to avoid frustrations in the future.
Do I have a plan on where I am taking my business?
You should develop a routine for your business which every day will take you close to the future business that you had imagined.
For example, if you are a Youtuber. You should strategically set how many videos you will be posting per week plus the content in the videos.
Do you have a business already? What are some questions that future entrepreneurs should consider? Add them in the comment section below.
Thank you guys for reading, always work smart!