Have you been bitten by the business bug? It’s all very exciting, but check this list first to be sure you’re truly ready to become an entrepreneur.
- You feel a burning passion for the product or service you want to market, and you’re not just looking to open a business because you hate your current job.
- You’re certain there is a true demand for your product. Research it carefully, survey your family and friends, and get a good feel for the market before you plunge into it.
- Your personal finances are in a good place and can handle the risk. Talk to your financial institution to help crunch the numbers and be sure you can swing it financially.
- You have the physical strength and the headspace to give your new business your all.
- You have a sound financial plan for your business.
- You have the full support of your spouse and family.