Is Business Ownership for You

Is Business Ownership for You

Being a business owner sounds good, but is it really for you? Are you ready for what’s involved? Those are important questions to ponder before investing countless amounts of time and money. The opportunity to be an entrepreneurs is enticing, with all the benefits of flexibility, possible financial stability, control, and in many cases peace of mind. However, you’ll need more than just a good idea, although that’s a good place to start. Being a business owner takes a lot of time, hard work, commitment, planning, and follow-thru, not to mention funding. Here are a few things to consider before launching into entrepreneurship:

Are you a leader or self-starter?

Are you driven or goal oriented?

Area you independent and enjoy making your own decisions?

Would people who know you say you are well suited for self-employment?

Are you prepared to financially invest to start the business?

Are you willing to commit long hours to the business?

Do you have integrity?

Are you confident and resilient enough to sustain during challenging times?

Are you dependable, do others turn to you for help in making decisions?

Are you ready, if needed, to temporarily lower your standard of living until the business becomes well established?

Are you familiar with how to start and manage a small business?

Do you have good problem solving skills?

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