12 Important Questions to Ask Yourself Before Starting a Business - businessopportunity.com

12 Important Questions to Ask Yourself Before Starting a Business

Starting a new business is usually an exciting time for every entrepreneur.

But just diving into a new venture without planning can be a disaster.

An article from Businesstown.com explains that it’s important to ask yourself these 12 questions:

  • How much cash will I have at risk?
  • How much time will it consume?
  • How much energy will it take?
  • Do I currently have other obligations that will prevent me from giving the business 100 percent?
  • Would there be a much better time for me to start a business other than now?
  • What are my alternatives if I don’t start a business now?
  • What are the chances of success?
  • Am I looking at starting a business from a position of relative strength – feeling good about myself and feeling I am relatively well off – or am I looking at starting a business from a position of relative weakness – recently laid off from a job and being behind on my bills?
  • Can I test-run the business part-time before quitting my job?
  • Should I choose between a higher-risk or lower-risk businesses?
  • Suppose my business provides less income than I expected. How long should I stick with it?
  • If the business doesn’t work out, how easily will I be able to pick myself up and move along to the next endeavor?

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12 Important Questions to Ask Yourself Before Starting a Business

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