Chris Campbell was talking about start up technology companies in The Top 10 Questions Investors Asked Us. But I’ve picked out the questions that I think every small business person had better be able to answer.
2) How will you make money?
3) How will your company grow?
7) Who are your competitors and how are you better/different?
8) Who are your customers?
9) How will you spread the word about your product?
It doesn’t matter if you are a new business or one that has been around for 50 years. The time is now to sit down, and really think out your answers to these questions. They are central to your continued existence.
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Becky started Small Biz Survival in 2006 to share rural business and community building stories and ideas with other small town business people. She and her husband have a small cattle ranch and are lifelong entrepreneurs. Becky is an international speaker on small business and rural topics.
This is really good–to the point–useful. Anyone wanting to go into business had better address these very few, but very important questions!