...Beauty, cleaning, DIY tips and more - free to join!
   Login   Contact us   Site map   Puzzle Club   Ask a question    Newsletter

How can I find out if my business is viable?


Question asked by: knowitall

Is my business viable is an essential question that anyone seriously considering starting up in business must ask themselves.

The answer to the question is harder to find. For a start, I would recommend always getting the opinion of others as we can be over zealous and over optimistic about our own fortunes therefore we need sanity checking from others.

Go over the fundamentals of your business - the cost of your product, how much you can sell it for, stock levels, stock supply logistics, staff needed, premises, knowledge, access to markets, competition, the arenas you will compete in and so on and so forth.

Only by being really detailed can you work out how best to proceed.

By: Unknown
star star star star
Average rating for this answer is 4 / 5

Rate Answer
Comment or provide your answer to this question
No comments have been added to this question "How can I find out if my business is viable?".
Ask a New Question

Find out more about Business

Business Questions and Answers

business plans Questions and Answers

Next question: How long should my business plan be?


Become a Member! It's Free >>>

Share on Facebook: On Twitter: TwitterTweet this!

Question Keywords

business  viable  

More Questions:

How Can I Market My Company For Free?
How Can A Business Website Increase Its Sales?
How Can I Get More Visits To The Company Website?
Shoe Soles
How Long Should My Business Plan Be?