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General Business Questions
- What are the benefits of owning your own business versus working for someone else?
- Is it more important to reinvest money into improving and growing the business or to maintain a high profit margin?
- What businesses have long term staying power?
- What's more important, good customer service or the quality of your product/service?
- Would you rather sell many things at a lower price or fewer things at a higher price?
- What company(s) do you admire and why?
- What're the keys to running a successful business?
- Why do so many businesses fail?
- Is it better to enter into a business that has a lot of competition, where you know there's a big market or enter into a smaller market that is less competitive?
- How important is it to have a business plan?
- How much of an impact does technology have on businesses?
- Is it better to start a business that addresses something that you're passionate about or see a big profit potential?
- What are the most important things to look for when hiring an employee?
- What kind of business do you want to start?
- Where is your business going to be located?
- How much money do you need to start up your business?
- How will you finance your business?
- What are you willing to sacrifice/invest into your business?
- Would having a partner be benefit to you?
- What skills and knowledge do I need to learn before opening your business?
- Do you want to buy an existing business or start a brand new business?
- Does your family and friends support your decision to go into business?
- What is your competitive advantage going to be?
- How will you market your business?
- Who is my target customer?
- What permits, certifications, and licenses do I need to get before opening up my own business?
- Who will your competition be?
- How many employees will I need?
- How will you price your products or services?
- What will your business name be?
Questions to Ask if You're Going to Start a New Business