Business Management

Should I start a business?

There are many issues to examine before starting your own business.

Here are some considerations:

What is your level of determination? If challenged do you persevere or walk away. If you prefer to walk away self-employment may not be a good option.

Can you build and sustain a business? Do you have a strong network of connections from which to build?

How strong are your financial reserves? Can you survive the initial years of start-up until cash flow is stable?

Are you objective? Can you assess your own business performance and recognize your own weaknesses and how to overcome these challenges.

Do you have the basic skill set? Can you start, grow and manage all aspects including sales, finance, and day-to day operations or can you afford to hire support needed.

These questions should be carefully reviewed and honest answers challenged before stepping into the deep end of a commercial venture.