Showing posts with label risk. Show all posts
Showing posts with label risk. Show all posts

Thursday, January 27, 2011

How Will I Know if my Idea will be Profitable?

It is a great question, and one that many people starting companies forget to ask. After all, it doesn’t do you any good to sell a lot of units, or provide a wonderful service, if you lose money every time you do. That approach is, as they say, “not a sustainable business model.” Having asked the question, the short answer is this: You can’t know with absolute certainty, before you begin. The longer answer is while there is no guarantee, you certainly...

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