Ask Ali: "How can I tell if my business idea is a profitable one?"

Question: “Ali, I want to teach stay at home moms how to launch and market a small business. How do I know if this would be a profitable niche? Thank You!” – Joanna Paez, New Windsor, N.Y.
Ali’s Answer: Thanks for your smart question, Joanna! I meet many entrepreneurs passionate about creating businesses around their exciting ideas, which is great—but too often they forget to think through whether their idea can make money.
Your question is a loaded one however, because your success will be determined on many factors.