2 points to consider before starting your own business

Here are some factors to consider when thinking about becoming an entrepreneur and creating your business plan:

1. Need

Consider what need your business fills. This might be a problem or process that your product can speed up, a loss that your product can prevent or a service that your community needs. This might have to do with your location, as well, if you can provide a service like good food or laundry or repair to a neighborhood where that isn't yet accessible.

2. Uniqueness

Consider what your business can do that no other business does. If you have business role models, you might think of what sets you apart from them. Knowing what you alone contribute to the business can help you articulate the value of your brand.