An aerospace engineer by profession, Ider-Od is an entrepreneur and founder of several start-up companies. His previous experience has taught him 7 important factors to think about before starting a new business. Ider-Od Bat-Erdene is the founder of "CALLPro" LLC and is the director at the "FARO education" English language training center. He shared his entrepreneur experiences with start-ups and supported young business founders of Mongolia. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at www.ted.com/tedx