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Questions Before Starting a Business: Get One Number.

Your questions before starting a business shrink once you write them down as real questions. Then you circle the one your stomach reacts to most. Finally, you turn that one question into a number from outside your own head, tonight.

Write every question with a question mark.

First, on a blank page, list every question about your idea you cannot answer yet. Instead of "costs," write "How much does a second-hand espresso machine cost in my city?" Also, instead of "legal stuff," ask whether you need a permit to sell food from home. Then keep going until you run out.

The bread stall example.

For instance, picture an invented bread stall at a weekend market. Its questions before starting a business might cover the stall fee, a food-handling certificate, flour bought fifty kilos at a time and rival loaf prices. However, it also asks whether anyone will pay four dollars for this bread. The first four answers sit in an inbox or on a website. In contrast, only the last one is truly uncertain.

Turning questions before starting a business into numbers.

Circle the question that frightens you most, not the most important one. Then find an outside number. For how to estimate startup costs, use a published price first.

Alternatively, learn how to request a supplier quote: send a short message with the quantity, delivery address and date needed. Similarly, for rules, copy the fee from the official permit page. Finally, for tax, use your tax authority's own website, not a forum.

Answer one of your questions before starting a business.

Circle the question your stomach reacts to and find one real number for it before midnight.

Write the number, its source and today's date beside it, then stop.

Questions about questions before starting a business.

How should I write my questions before starting a business?

Write each one as a full question ending with a question mark. For example, ask what a specific machine costs in your city.

Do I need to answer the whole list tonight?

No, only the circled question. Instead, the point is to see what happens to your fear when one unknown becomes a number.

Why does tonight matter so much?

One ugly, real number by midnight beats a beautiful list saved for next month. After all, next month is where these questions have been living.

Read the whole chapter.

This lesson covers one section of chapter 3, “Unknown is not unlikely”. The book goes further, with the full evidence, the stories and every exercise.

Questions before starting a business: cover of I Want to Start a Business but I'm a Coward by Diego Segura