Question

What information do you need before you can decide which type of business might be the most successful be sure to give your answer in at least 3 to 4 sentences

Answer 1

The correct answer to this open question is the following.

The information you need before you can decide which type of business might be the most successful is the following.

First, you have to decide what you want to do. What kind of business you want to start, regarding your skills, abilities, and experience. It must be something you enjoy to do it with enthusiasm.

Then you have to clearly define your product or service. Then you have to define your market. Where are the people that are going to buy your product or service? How you are going to communicate with them? Next, you have to define who your competitors will be, where are they. Are these direct or indirect competitors? Next, the price of your product and services. And finally, what can of promotions you are going to launch to attract clients.