Many people dream of owning a business. To see if becoming an entrepreneur is right for you, ask yourself the following questions. Your answers will help you determine if you are ready to become a small business owner or where you need to spend more time in planning.
Am I prepared to spend the time, money and resources needed to get my business started?
What kind of business do I want?
What products/services will my business provide?
Why am I starting a business?
What is my target market?
Who is my competition?
What is unique about my business idea and the products/services I will provide?
How long will it take to prepare my products/services for sale?
How much money do I need to launch my business?
How long do I need to finance the company until I start making a profit?
Will I need to get a loan?
How will I price my product compared to my competition?
How will I market my business?
How will I set up the legal structure of my business?
How will I manage my business?
Where will I house my business?
How many employees will I need for startup?
What types of suppliers do I need to contact?
What kind of insurance do I need to invest in?
What do I need to do to ensure I am paying my taxes correctly?
