These are some of the things that we were looking at to determine whether we should go ahead with the business.....
- What are the opportunities? If the market is already saturated, what is our point of difference (POD or USP) that will stand out from the competition?
- Why are we doing it? does it fit with our overall vision, product or service lines?
- Who is going to lead the team or opportunity?
- Do we have the resources and expertise to deliver the product or service?
- How will we fund growth? (make sure we have adequate cash flow to givve the opportunity a good chance of working.)
- What sort of timeframes can we expect before we will see a return?
It would be great if you could add more things to look out for below...