Your idea

First, what is your idea for a business? Does it focus on a product or a service? If it's a product you must decide if your business will manufacture that product. Manufacturing entails locating raw materials from dependable sources at the right price. It also will entail assembling a trainable, reliable manufacturing workforce.

Or will your business distribute a product made by some other firm? Again, you will need a dependable supplier to provide the finished product at the right price, so you can in turn sell it to your customers at a profit. If you plan to provide a service, are you prepared to meet the needs of the market by providing a thorough, reliable and cost-effective service that also can provide a profit for your business?

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