Start-up Business Basics
Step 1: Is My Business Idea Feasible?
Ask Yourself Some Tough Questions.......
Do you have what it takes to start your own business? Many people feel that they only lack the money to start or only need help with the legal and tax issues, but these are just a few of the considerations entrepreneurs need to address. The following are a few questions every new entrepreneur should consider. When answering these questions, think of an example.
Do I have confidence and optimism about my ability to overcome obstacles?
Do I accept responsibility for my actions?
Do I like being in charge?
Am I able to function in an environment of uncertainty?
Am I able to motivate and inspire people?
Am I an effective salesperson?
Am I a fair negotiator?
Do I understand my own limitations and know when I need to ask for help?
Am I easily discouraged?
Am I willing to devote whatever time and energy it takes to be successful?
Is the risk of my financial assets worth the expected rewards?
Do I have a history of success at things to which I am committed?
Do I have a strong support group of family and friends?
Next Week-" Researching Your Market"