MBA1485 Q&A Wednesday: How do I know if my business will succeed?

Nothing is guaranteed. But that doesn’t mean we can’t evaluate the viability of a business idea in advance, and give ourselves the best chance of success.

But how?

It’s like poker: while there are elements you can’t control, knowing the odds and acting strategically are what separates the winners from the rest – all luck aside. So what can we do to survey the landscape in the early stages of starting a business?

It’s Q&A Wednesday, and we’re helping one listener find out what variables are predictable, controllable, and worth examining. Whether you’re a little nervous about starting a business, or just want to play it smart, there are steps you can take.

Ask the right questions about what you want your business to be, then see if conditions are conducive to that endgame. You might decide to back out before it’s too late – or you might realize you have every reason to be confident. Click Play!

To submit your questions, visit 100mba.net/q.

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