Question: I want to start a business, but I’m looking for a business idea that addresses a gap in the market place. Where and how do I find that gap and spot that new niche for my startup business?
Starting a business requires careful planning and understanding what you can do to address the need of the market. However, it is not easy. There are a number of things that you need to consider. If you are thinking of starting a business, here is a comprehensive list of questions you need to ask yourself to help you plan, think through, and operate your business successfully.
Starting a business is a tough decision, but more so during this period of tough economic climate. Here are some things to consider when starting a business today
As the business owner, you need to understand that everything that happens in your company — whether good and bad — is a result of something you did and failed to do. This is one characteristic of a winning entrepreneur.
One of the most important decisions you will need to make when starting a business is deciding on the legal structure of your business. Each type – sole proprietorship, partnership, corporation (general, C and S), and limited liability company – all have their pros and cons. The key is to find the legal structure that will work best for you.