Make a $500,000 Business

choose any category as a product/service for the business

1) Who are your target customers?

2) What is your expected sale in the first year?

3) What is/are your product(s) or service(s) offered?

4) How many staff do you need for your business?

5) Why should people choose your business? What is the uniqueness of your business and product compared to other competitors in the market?

6) How many competitors do you have in the market?

7) What is your start-up expenditure (all expenses before starting a business)?

8) How do you provide money for your business? What are the sources?

9) How much are all your expenses in the first year? Also, break down your expenses into months.

10) What is the price of your product/service?

11) How do you advertise your product/service?

12) Where is the location of your business?

13) How do customers find you?

14) How do you deliver your product or service to the customers?

15) How long does it take to deliver your product or service?

16) How long does it take to process (make) your product or service?

17) How many licenses are required to initiate the business?

18) Do you need to use technology to run your business? If yes, specify the type.

19) What is your marketing budget for the first year of the business?