I would appreciate to have advice to a new young entrepreneur. Can you help me? Thanks?

serious answers please!I would appreciate to have advice to a new young entrepreneur. Can you help me? Thanks?
The questions to ask yourself are:





- Will you be marketing / selling a good or a service?


- What industry / market segment do you wish to service (IT, FMCG, Agri Business, etc)


- What is the growth potential of your chosen market segment / industry?


- What is the barrier to entry in that particular market segment? (high capital investment, technical skill, etc)


- Who are the major players in that industry? Who are your major competitors?


- What is the major cause of success / failure of your competition?


- What is the value-add that YOU will bring in? (efficient costing, lower prices, addressing an unfulfilled need, etc)


- How do you plan to finance your overheads until your product or service is able to generate profits?


- What is the COST of getting loans, financing from financial institutions for establishing your business?





You haven't specified your particular area of interest, so I do not know which field of business entrepreneurship would be suitable for your particular talents.I would appreciate to have advice to a new young entrepreneur. Can you help me? Thanks?
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Kacie