1) Product – The first thing you need, if you want to start a business, is a product.
What product are you selling? What would be the quality of your product? Which features are different from the market? What is the USP of the product?
Whether the product will be branded as sub brand or completely new?
What are the secondary products which can be sold along with your product/service? It may even be beneficial to team up with a complimentary business that will help both of you grow.
2) Pricing –Major consideration in pricing is the costing of the product, the advertising and marketing expenses, any price fluctuations in the market…
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