Do your Due Diligence

You have a great idea that you think can move the wold. That is good, however It is important to ask some fundamental question first. It is like Self-questioning. This will help you during the whole process. So, here is the quick list:

- Why your e-Business is unique?
- What is your Hollywood pitch?
- What value you will be adding to the marketplace?
- Is there is a real demand, need for your offering?
- Can you backup with stats, facts etc.?
- Have you identified your target market?
- How big is your potential customer based?
- Who are your competitors?
- How your e-business will be different from competitors?
- Will market be willing to pay exactly what you are asking for your product/service?
- How much money and time you can afford to invest?
- What will be your commitment level?
- What is your anticipated money that you planning to make?
- Would you consider buy your own product/service at the first place?

The above are some of the questions to ask. However, add more and more. It is important to brainstorm and BE REALISTIC as possible before starting your own business.

Cheers!

Tags: checklist, e-business, planning