Onnit Marketing Group Reviews 7 Questions Individuals Must Answer Before Launching A Business Venture

    DENVER, CO, January 22, 2016 /24-7PressRelease/ -- A person needs to be fully prepared before they launch a business because becoming an entrepreneur is not a decision to take lightly, highlights Onnit Marketing Group. The firm understand that entrepreneurship can involve working a lot of unsocial hours and giving up a lot of free time to ensure the business gets up and running smoothly. Entrepreneurship can also involve a lot of risky decision making, and entrepreneurs need to be prepared to handle the consequences, highlights the firm. Whilst entrepreneurship is extremely enjoyable it can be challenging and an aspiring entrepreneur must make sure they are ready to take these challenges on.

About Onnit Marketing Group: http://www.onnitmarketinggroup.com/

Onnit Marketing Group has highlighted the 7 questions that individuals must ask themselves before launching a business:

What is the mission of your business and what overall goal is it striving to achieve?
Onnit Marketing Group believes this question is important to understand the business' reason for being. This will allow business owners to put a plan together and devise goals that will keep them on track. In turn, this will inspire and attract talented people to the company.

Which groups of people are likely to be your best customers?
The firm believes this will help business owners to know if they have done enough market research and whether they have spoken to real consumers and received feedback about the product or service. "You'll have more luck getting customers if you focus on the ones who are most likely to buy your product," outlines Onnit Marketing Group.

What product features and benefits do your customers seek?
"You are going to be competing with other products," points out Onnit Marketing Group. The firm highlights how important it is to know which factors will make a potential customer pick the product over competitors.

Who are your company's competitors and what are its competitive advantages and disadvantages?
Business owners must figure out the capabilities - e.g. product development, sales, purchasing - that their competitors are using to gain market share and then take an objective look at how well they perform those capabilities compared to rivals.

How will you advertise your business and promote your product or service?
Onnit Marketing Group states, "It is important to know how you will advertise your product and how you will share your brand message with consumers." This could mean outsourcing to direct marketing agencies, creating television adverts, or whichever method is most likely to attract the target consumer.

How much capital will you need to start your business?
The firm suggests estimating all the costs needed in order to get the business off the ground and then doubling that estimate.

What are the risks of this business?
"Knowing the risks and understanding what could go wrong will help you to make a plan for it if it happens and to know how you will deal with this and recover," highlights Onnit Marketing Group. The firm believes that this will keep risks under control.

Onnit Marketing Group is a Denver-based direct marketing firm that works on behalf of their clients' brands to generate increased customer acquisition, brand awareness and brand loyalty. The firm support young professionals who are looking to start their own business through their business development opportunity. This gives aspiring entrepreneurs the chance to develop their skill sets in a business environment and prepares them for any challenges they may face.

Source: http://www.inc.com/peter-cohan/20-must-answer-questions-for-raising-startup-capital.html

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