Before you start a new online business, you need to make sure your idea is really good. Even though starting online is easier, it still costs money. So, you have to check if people really want what you're offering.
Ask yourself these questions:
Does your product or service solve a problem that many people have?
Are people ready to spend money to solve this problem?
How hard will it be to reach the people who need your solution?
To determine the viability of your business idea, consider key questions to avoid investing in a potentially unsuccessful venture. Once validated, crafting a comprehensive business plan is essential for anticipating challenges and strategizing for future expansion.