A lot of small businesses start off with no clear direction or often with no real purpose. This Startup Questionnaire from The Entrepreneur Cafe, LLC is designed to help you obtain a better understanding of what it takes to start, grow and succeed in small business before considerable time and money has been spent.
Rank Your Reasons?
- Freedom from your current job. _____
- A desire to control your future. _____
- The opportunity to live out your passion. _____
- More money-improve your standard of living. _____
- Quality of life change. _____
Characteristics of an Entrepreneur?
- What do you believe it takes to run a successful business?
- Are you able to adapt to a dynamic small business environment?
- Do you have experience in the industry you are interested in?
Business Evaluation
- Can you clearly describe the business you intend to start?
- What licenses and permits will be needed?
- Who will be your customers, what are their needs and where do they live?
Your Financial Situation
- Are you looking to start your business as a part-time or full-time venture?
- How much money will it take to get your idea off the ground?
- Have you identified where your sources of funding will come from?
What’s Your Idea’s ‘Unique Factor’?
- Is your business concept offered by anyone else? If so, who are your competitors and where are they located?
- Does your idea occupy a special niche in the marketplace such as helping to advance a social cause?
- How will your idea be marketed differently?
Cavanaugh L. Gray is the founder of The Entrepreneur Café, LLC. As a small business development specialist, he brings two decades of experience implementing entrepreneurial-based business strategies that help startups scale. He has served as a business advisor to Innovation Award Winners and is the author of The Entrepreneurial Spirit Lives (An Amazon Top Read) and Bridging the Entrepreneurial Divide. With more than a decade as an academic, he currently serves as Adjunct Professor of Entrepreneurship at Loyola University Chicago. For more information on how to start, grow and succeed in small business Connect With Us at cgray@ecafellc.com, 877-511-4820 or on social media @TheECafeLLC. Copyright 2019.
