How to Choose the Business that is Right for You
Take away :
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Take a look at your natural talents and do what you do best
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· Be honest about why you want to have your own business
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· Research every aspect to find out if it’s right for you before jumping in
Ask the following questions and mull over them for sometime.
What are you really and honestly good at?
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Will you find joy in the activity of doing the task involved in the business ?
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You just have to make sure of what the investment the business entails and if you are able to give it.
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Do you natural skills fit into their “success mold”.
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What type of business interests me?
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What kind of services or products will I sell?
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Is there really a need for it?
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Who and where is my competition, are they doing well? Why?
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Do I need a mentor?
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What would be my business’s advantage over companies that already offer this or something similar?
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Can I deliver a quality product and service?
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Can I create a demand for my business and if so how?
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What will be the structure of my business?
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How will my business records be kept?
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What insurance coverage will be needed?
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What equipment or supplies will I need?
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How will I get paid?
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What resources do I have?
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Do I need to go to a financial institution for funds?
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Where in the house will I do my work?
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What will I name my business?
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