About you

• Are you a person who can start a business and manage it?
Yes  |  No

• Are you ready to engage in your business without any guarantee that it will function successfully?
Yes  |  No

• Have you ever worked in a business similar to the business you want to start?
Yes  |  No

• Have you ever worked as a manager?
Yes  |  No

• Have you participated in any training?
Yes  |  No

• Have you done enough research on the business idea you want to implement?
Yes  |  No

Money

• Do you have savings that you want to invest in a business?
Yes  |  No

• Do you know how much money you need to start a business?
Yes  |  No

• Do you know the amount of credit you can get from the supplier?
Yes  |  No

• Do you know from which sources you will cover the missing funds?
Yes  |  No

• Do you know what your annual net salary and profit will be?
Yes  |  No

• Can you, if necessary, live with less salary and profit?
Yes  |  No

• Have you talked to the bank about your plans?
Yes  |  No

Partner

• If you need additional financial resources or appropriate business knowledge, do you have a potential partner in mind to collaborate with?
Yes  |  No

• Do you know the arguments for and against solo business and partnership business?
Yes  |  No

• Have you talked to a lawyer about your plans?
Yes  |  No

Customers

• Have you identified market segments?
Yes  |  No

• Is there a need for your product / service?
Yes  |  No

• Do you know who your customers are?
Yes  |  No

• Do you understand their needs and wants?
Yes  |  No

• Will your product be competitive in terms of price and quality?
Yes  |  No

• Have you chosen the location of your business that suits your customers?
Yes  |  No

Office building / premises

• Have you identified a suitable business facility for your business?
Yes  |  No

• Can you decorate the space the way you want without spending a lot of money?
Yes  |  No

• Are there other accompanying benefits (parking, maintenance, security)?
Yes  |  No

• Have you consulted a lawyer regarding relevant contracts for the purchase or lease of an object - office space?
Yes  |  No

• Have you compared the amount of finance required for purchases and leases?
Yes  |  No

Equipment

• Have you identified the equipment needed to start a business?
Yes  |  No

• Are savings possible with the purchase of used equipment?
Yes  |  No

• Have you compared the amount of finance required for purchases and leases?
Yes  |  No

Suppliers

• Do you know which purchases are needed for the successful functioning of your business?
Yes  |  No

• How much inventory do you need to have at the time of starting the business?
Yes  |  No

• Have you identified suppliers who will supply you with the necessary inputs at an acceptable price?
Yes  |  No

• Have you compared the prices (in the case of cash payment and in the case of a possible supplier credit) of different suppliers?
Yes  |  No

Logging and tracking system

• Have you chosen a system for recording income, expenses, assets and liabilities of the company?
Yes  |  No

• Have you defined an inventory tracking method that will allow you to always have enough for your customers but not more than you can sell?
Yes  |  No

• Do you know how to calculate the liability based on taxes and contributions on employees' salaries?
Yes  |  No

• Do you know what financial statements you need to prepare?
Yes  |  No

• Do you know how to use these financial statements?
Yes  |  No

Legislative regulations

• Do you know what licenses and permits you need?
Yes  |  No

• Do you know which laws are relevant to your business?
Yes  |  No

• Do you know lawyers who can give you useful advice and help prepare certain documents?
Yes  |  No

• Have you noticed possible risks and ways to eliminate them?
Yes  |  No

• Have you chosen an insurance company?
Yes  |  No

If you are buying a existing company (business)

• Do you know why you want ie. why don't you want to buy a company?
Yes  |  No

• Do you know the real reasons the current owner is selling the business?
Yes  |  No

• Have you compared the costs of buying a company and the costs of starting a new business?
Yes  |  No

• Is the equipment in good condition?
Yes  |  No

• Is the business facility in good condition?
Yes  |  No

• Do you know what others think about the company you want to buy?
Yes  |  No

• Have you talked to the company's suppliers?
Yes  |  No

Advertising

• Have you decided how to advertise (newspapers, magazines, direct sales, radio, TV, web presentations)
Yes  |  No

• Do you know who can help you define an advertising campaign?
Yes  |  No

• Have you analyzed the advertising campaigns of your biggest competitors?
Yes  |  No

Prices

• Do you know how to calculate (determine) the price of your product?
Yes  |  No

• Have you defined a pricing strategy for entering a certain market?
Yes  |  No

Sale

• Have you mastered the basic sales techniques?
Yes  |  No

• Are you skilled in the process of persuading customers?
Yes  |  No

• Do you know all the benefits that your product / service can have for a potential customer?
Yes  |  No

• Do you know the product you are selling well?
Yes  |  No

Procurement

• Have you selected suppliers?
Yes  |  No

• Do you have an inventory plan that can suggest when to purchase and how much?
Yes  |  No

About employed workers

• If you want to hire someone, do you know where and how you can find the right person?
Yes  |  No

• Do you know what kind of person you are looking for?
Yes  |  No

• Do you know how much you need to pay it?
Yes  |  No

• Do you have in mind a training plan for employees?
Yes  |  No

Extra questions

• Did you discuss your business idea with family members and did you get their support?
Yes  |  No

• Are you ready to fully dedicate yourself to the business?
Yes  |  No

• Are you ready to start creating a business plan?
Yes  |  No


Every YES answer brings you one step closer to making your business dream a reality.
Every answer does NOT represent a problem that you need to work on and who you need to work on.