We entrepreneurs are driven to continuously create, innovate, and sell. Whether your interests favor accounting, real estate brokerage, or business management, or new untapped markets, such as agriculture software, food e-commerce, or public sector technology.
There are many resources available to help you. I suggest the exercise below, which may be familiar. Frankly much of the following is easy access through the Small Business Administration. If these questions sound too basic for you, you’ll be surprised by how much data will be generated by your honest, thoughtful answers.
1. List your reasons for wanting to go into business. Some of the most common reasons for starting a business include the following. Which are yours?
2. Determine what business is right for you. Ask yourself these questions.
3. Identify the niche or untapped market space your business will fill. Conduct the necessary research to answer these questions.
4. In anticipation of a business plan, which you will need if you are seeking outside funding, complete the following checklist.
What you now have is a blueprint for proceeding that will detail how your business will be operated, managed and capitalized.
5. Finally, get personal and ask yourself some difficult questions.
If you are still undaunted, the next step is to DO IT!!!!!!
Mallary Tytel is an author, speaker, and president and founder of Healthy Workplaces (www.healthyworkplaces.com), anationalconsulting firmthat focuses on helping create healthy, productive and sustainable workplaces. HW provides customized coaching, training, and facilitation, and you can contact Mallary at mtytel@healthyworkplaces.com.
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