Scenario: You are the lead entrepreneur in building a business. You have little money to start off with. Think about what kind of business you would like to launch and answer the following questions. Please include as much detail as possible.
1. What is your core product or service?
2. What differentiates your products or services from others in the market?
3. Where will your business be located?
4. How many employees will you need?
5. What type of suppliers do you need?
6. How much money will you need to get started? Will you need to get a loan?
7. How long will it take before your products or services are available?
8. Who will be your competition?
9. How will you price your product(s) or services compared to your competition?
10. When do you expect to start making profit?
11. What are legal implications in your business?
12. What kind of insurance do you need?
13. How will you advertise?
14. How will you manage the business?