The Questions Every Entrepreneur Must Answer

Most newly launched business ventures never get off the ground because entrepreneurs often neglect to clarify their strategy. To chart a successful course for your new venture, start by articulating your goals for the enterprise. Do you want the rush that rapid growth delivers? Capital gains from selling a successful company? Define the kind of enterprise required to achieve your goals. For example, if you want to sell the business eventually, you’ll need to build a sustainable organization that can renew itself through changing generations of technology, employees, and customers. And you’ll need a company big enough to support an infrastructure that won’t require your daily intervention.