article thumbnail

How to Know If You’re Financially Ready to Start a Business

Success

Market analysis: What are the current trends in your industry? For example, if a relative gives you an intrafamily loan, they’ll want to charge a minimum interest rate so it doesn’t count as a gift (which would trigger gift taxes). How would you describe your product or service offering? suppliers, margins, and so forth).

Expenses 342
article thumbnail

How to Launch (and Maintain) a Successful E-Commerce Business

Success

To round out your technical analysis of the perfect product, Richard Lazazzera at A Better Lemonade Stand suggests you also consider: Is there a growing market with little competition ? When selecting a platform , you’ll want to ask: What are the monthly subscription fees and credit card processing fees?