Questions related to business idea

Deadline: 14th March, 2021

Time 12:00 am

Group

Roll Numbers:

Name of the Selected Business Idea: __________________________

Questions

Questions to ask from yourself/team before starting any business and provide answers.

1. How your business is innovative/unique?

2. Do you have a hobby that can utilize as a new business idea and can you transfer hobby

into a successful business?

3. What are your skills? Do you have the capabilities to apply those skills for starting a

business?

4. How your business can solve the problem of local society?

5. What are the problems in existing products or services and how you are going to solve

the problems of products or services? What products or services you are offering?

6. Do you have competitors and how your idea is unique from other competitors of market?

7. What type of business do you want to open? (Restaurateur? Engineer? Home health /

assistance/Software developer/web developer? Do you have experience managing or

working at such establishments? Do you need formal education from an institution?)

8. How will you start your business? Solo or with a team of partners?

9. What is the opinion of your friends about the rest of business ideas?

10. How much will cost you the product or service?