From the course: 20 Questions to Help You Start a Business
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What’s your time situation?
From the course: 20 Questions to Help You Start a Business
What’s your time situation?
- Something, every new business person needs to consider is the one thing we never have enough of. Time. In other words, what's your time situation? Some do very well at budgeting their cash, but they don't consider time. Realize that if you're starting out as a one woman or a one man army, you're going to be doing everything. That will require efficient time management on your part. Some start a business while they have a day job. And while maybe involved with another venture, this can be great when it comes to preserving cash, but it won't take long to spread yourself too thin. There simply aren't enough hours in the day. Here's some tips on how to maximize the time you do have. First consider paying for help on low cost tasks for both personal and business. You shouldn't spend 40 hours working on a new logo, when you can have someone do that in a Fiverr or Upwork for a hundred bucks. That will free up your higher…
Contents
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What are you going to call your business?1m 21s
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Are you going to have partners?1m 27s
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What is the type of entity that you want to form?1m 48s
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What’s your money situation?1m 36s
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What’s your time situation?1m 40s
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Do you have access to capital?1m 36s
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Do you know your customer?1m 18s
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What is your skill?1m 29s
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What is the worst that can happen?1m 14s
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What is your backup plan?1m 19s
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Who are your competitors?1m 28s
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What networks can you leverage?1m 21s
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What are the industry events relevant to your industry?1m 9s
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Where do you find mentors?1m 17s
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What does success look like?1m 35s
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What does copyright mean to you?1m 23s
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What does patent mean to you?1m 49s
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Why are you going into business?1m 36s
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Is there a unified management solution for your business?1m 18s
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What is your core competence?1m 6s
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