Five QuestionsYou May HaveBefore Starting Your Own Business
Do I Have Enough Money?• Many startups begin with a bootstrap budget. • You don’t need to have investors lined up to start. • You can seek more money as you grow.
Do I Need to Quit My Job?• Eventually, if your venture becomes
successful, but many businesses started out as hobbies on the side.
• Concentrate on having a business plan that allows you to eventually quit your regular job instead if stability is a concern.
Do I Need a Business Degree?• It’s not a requirement, but a business
degree can help you learn the basics of entrepreneurship, management strategies, accounting, and more.
• There are online business degrees available for those who need more flexibility.
Do I Need to Hire People?• This will depend on the size of
your business and your immediate goals.
• If you cannot afford to hire anyone but need help, you may be able to hire interns to fill an immediate need.
Will I Be a Good Entrepreneur? • Do you have a passion about your
product or service and believe there is a market for it?
• Are you willing to work hard and make the necessary sacrifices?
• Are you organized and have a business plan in place?
• If you answered yes to all of these questions, you may have it in you to be an entrepreneur.