Holicent
VIP Contributor
Owning your own business is a great way to make money. But investing in one is a whole different ball game. If you're interested in investing in a startup, there are some things you should consider before making any moves.
What kind of product is it? Is the product revolutionary? Does it have the potential to make money and be sold easily? How much money do you need to invest, and how much will you get back if the company does well?
How much money do you need to invest, and how much will you get back if the company does not do well? What's the timeline for when you'll see returns? Are they realistic projections, or is this an impossible dream?
Is there a market for your product or service, or are you just trying to create one from scratch with no guarantee of success anytime soon? Be sincere to yourself, you might not have answers to all these questions by yourself or as soon as you start, but you should have at least sincere answers to 79% of it. You can do consultations too. Don't waste your money while you know you are going to waste it.
What kind of product is it? Is the product revolutionary? Does it have the potential to make money and be sold easily? How much money do you need to invest, and how much will you get back if the company does well?
How much money do you need to invest, and how much will you get back if the company does not do well? What's the timeline for when you'll see returns? Are they realistic projections, or is this an impossible dream?
Is there a market for your product or service, or are you just trying to create one from scratch with no guarantee of success anytime soon? Be sincere to yourself, you might not have answers to all these questions by yourself or as soon as you start, but you should have at least sincere answers to 79% of it. You can do consultations too. Don't waste your money while you know you are going to waste it.
