4 – Have You Researched Your Business Idea and Come Up with an Action Plan.
Setting goals and measuring them is essential when launching a new business. Put a plan into motion, but allow yourself the flexibility to expand on that original plan. Ask yourself if your business plan is too narrow or if it will achieve the desired outcome you seek and go beyond even that.
Make sure you research if there is enough demand for the product or service you are offering or if you will be just another company offering the same old thing. Ask yourself if you can put a new innovative twist on something tried and true.