Being your own boss can seem like one of the most rewarding experiences. You have no one to answer to but yourself. You can set your own hours and never have to ask permission to go on vacation. Every penny of profit goes right into your own bank account and you can feel like you’re actually making a difference in the world.
Instead of diving head first, into the entrepreneurial world, stop and think rationally. More new business fails than succeed in the US. With proper planning, strategy, and a little luck you might just succeed in business. The first step of your journey into starting your own business should begin with some simple questions.
Once you’ve asked yourself these questions, stop to see how you’re feeling. If you want to continue your journey to being an entrepreneur, you should be feeling relatively confident. If, on the other hand, you felt overwhelmed about the questions, then you might want re-think starting your own business.
This doesn’t mean that you need to have all of the answers to these questions in order to succeed with your business. Chances are you don’t have all of the answers. But for the ones that you don’t, you should be excited to delve deeper and find the answers. Starting a business is not an easy venture. It takes a lot of time and energy just to start it, let alone grow it into a successful business. There will be many ups and downs, and a lot of trial and error. But by beginning with this series of questions, you can anticipate if starting a business is right for you.
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