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Small Business 101: Episode 48 – Bad Business Advice? “3 Questions To Ask Before Starting A Business”

Bad Business Advice? “3 Questions To Ask Before Starting A Business”

As business owners, we hear a lot of good advice, but we also hear some bad business advice that we can safely ignore. In today’s episode, Alex and Spencer discuss a piece of advice you shouldn’t believe when starting your business.

Key Points

  • There aren’t just “3 Questions” to answer before starting a business. There’s more depth to starting a business. You won’t be a millionaire with just three questions.
  • It’s good to have a business that solves current problems, but your company also must be willing to adapt to new industry problems.
  • Businesses and competitors are constantly evolving, and you need to change too. You likely won’t be solving the same problem or have the same unique product forever.

Looking for more educational information? Check out these Small business 101 episodes covering Should You Have A Pioneering Business? and Entrepreneurship Success Stories: Niagara Honeymoon Sweets

 

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Emily Faracca

Emily is the content creator at Arbeit. She is an aspiring gardener, enjoys bike rides through her neighborhood, and is a big fan of a good cocktail. As much as she loves her hometown of Buffalo, N.Y., she absolutely loves to travel, and at the top of her bucket list is a trip to Sicily, where she still has living relatives.

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