5 Questions To Ask Before Starting A New Project

Starting a New Project

Starting a new project or business requires a great deal of planning, brainstorming, and strategic thinking. With so many moving pieces and to-do lists, it's easy to become overwhelmed. Before jumping headfirst into a new project or business, ask yourself these 5 questions:

1) Why do I want to start this project/business? What are my motives?  
All businesses and startup projects require passion, tenacity, and persistence. Finding your purpose and knowing exactly why your project is significant to you and your audience will help to keep you motivated and on track. This is especially helpful for times when the going gets tough.

2) How comfortable am I with failure? How will I handle setbacks?
When starting a new business or project, set backs and failure should be expected. Having a game plan on how you'll process failure or set backs will help you make mindful and responsible decisions when you hit bumps in the road.

3) Who is going to be interested in your business/project and why?
Having a solid understanding of your customer base, what they're seeking, and what motivates their purchases will help you drive sales and grow your business. Eventually, you'll need to not only acquire new customers, but also maintain your current clientele. Knowing who exactly you're trying to reach and why will make the growth process that much easier!

4) Where can I turn for mentorship and advice?
Even if you're currently a one-person show, you don't have to do it all alone. As your business grows, you'll need a support team. From people who have "been there, done that," to other young, up-and-coming entrepreneurs, having a group of like-minded people to turn to will help you to feel empowered when starting your business.

5) What sacrifices and risks am I willing to take to be successful?
At the end of the day, running a successful business or project is going to require risks, sacrifices, and moments of uncertainty. Knowing your own limitations, as well as how far you're willing to push past discomfort, will ensure that you jump into this new project excited, motivated, and ready to take on any challenges that come.

Lastly, when starting a new business or project, remember to occasionally take a step back and look at the big picture: you're working on this project because you truly believe it can, and will, make a difference. You have the ability to make it successful. Remind yourself of the answers to the 5 questions above, and keep moving toward growth and success.