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Are you ready to start a small business?

By Dr. Leslie Roberts | April 5, 2010

At GoForth Institute, we know all too well that a great idea doesn’t always translate into a great business. If you’re thinking of starting a small business, here are some questions to ask yourself:

  • How well do I handle risk?
  • How do I cope with stress?
  • Do I have the support of my family and friends?
  • Am I willing to work longer than usual to start my small business?
  • Are my finances strong enough to support me if my small business doesn’t see income immediately?
  • Do I have management or technical experience in a business similar to the business I want to start?
  • How well do I lead or manage others?
  • Do I have any accounting or bookkeeping knowledge?
  • What is most important to me in running a small business – making money or doing what I love?
  • How adaptable am I?
  • How do I make difficult decisions?
  • Do I have a long-term plan for my small business?
  • Do I have a business model?

These are just some questions you need to ask yourself when thinking of starting a small business of your own. As you can see, a successful start-up business is much more than having a great idea. We cover this important topic of “entrepreneurial readiness” in the first module of our web-based video small business training, launching on April 15th.

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Topics: Small Business Tips and Advice | 1 Comment »

One Response to “Are you ready to start a small business?”

  1. What makes a great small business leader? | Canadian Entrepreneur Training Says:
    April 12th, 2010 at 8:57 am

    […] a recent blog post, we presented a list of questions to ask yourself if you’re thinking of starting a small business. One of those questions was related to leadership in small business. What answer did you give to […]

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