Even though it is risky, opening a business of my own has always intrigued me. Not being a business major, however, there is some concern about my ability to start a business.
A friend of mine sells nutritional and dietary supplements called Max Muscle and he is doing quite well at it.
After talking at length with him, and reading on the subject of entrepreneurship, I realize that there are several basic questions that I must find the answers to before I ask a bank to loan me the money to start my own Max Muscle store.
1. What is the best location for the business?
2. How much money will it cost to start?
3. How much money can I expect to make?
4. What are the main duties and tasks I would have to perform to run a business?
5. What are the long-range prospects for the business?
6. What is the best way to organize the business?
Naturally, these are just a few of the essential questions that must be researched and analyzed before putting them into a formal funding request. If there is a change of topic I will discuss it with you. Failing that, I will proceed with the funding proposal.
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