There are many things to consider when deciding whether or not to turn your idea into a business venture. One of the main considerations is will it be profitable? To answer that question, you will first need to do some research. Depending on your type of business, this research may be fairly simple.

Questions you will want to answer are:

• Is there a demand for your product or service?
• Who are your customers?
• How will you establish your company?
• Will you have employees?
• Is there a demand?
• Who is your competition?
• Will the sale of your product/service generate a profit?
• What will you name your business?

Click here for a pdf document to help you answer these questions.