Discover if you are ready to own a business
1. You know what you’re stepping into
It is vital that you don’t take a step towards owning a small business without knowing what you’re getting into. Know how much commitment it takes; how much time, effort and money you will need.
2. You’ve done your research
Researched the topic to death. And research again! How to start a business and researched about your product.
3. You’re aware of the market
There has to be a good, viable market for the products or services that you’re planning to offer. Timing has to be right and there’s a demand.
4. Your friends and family believe in you
Support of your friends and family are invaluable.
5. You’ve got the rebel in you
Do you find that being a cog in corporate machinery restraining? Then entrepreneurship might just be for you.
6. You know you’ll need help
You’re aware from the beginning that you might need help . You acknowledge that there might be things you’re good at and tasks you just can’t accomplish.
Small Business owner checklist (excerpt from Hotfrog article Nov 2015)