1. Want Your Business to Survive?
The most important thing for the survival of your business is working capital, so you better know where it's coming from BEFORE you open your business. Have enough capital for 6 months with no revenue to cover start up expenses and non-revenue activities that will occupy your time in the start up phase.
Thanks to: Robin Siegerman of Sieguzi Interior Designs Inc..
2. Am I F-ing Nuts?
it helps if you answer yourself "yes". But the real 1st question is "what am I willing to give up in order to succeed in my own business?" Things that usually go are TV time, time with the kids, time with the spouse, basically anything you once considered your non-work activities. Hobbies? fuh-get-about-it. It doesn't necessarily mean you'll have to give up these things, but you have to be prepared to do so.
Thanks to: Jeff Block of JustPaperRoses.com.
3. Is It Your Heart's Desire
The advantage you have when starting your own business is that it's a clean slate...you can basically create anything your heart desires. So why not do just that. Create something that you can see yourself doing for the next 50 years. If you can see yourself doing that and can see it as something that brings out all your energy, joy, creativity, and passion, then go for it. And here's why. Even if times get tough, you'll be doing what you love and you'll find the energy to make it work!
Thanks to: craig wolfe of CelebriDucks.
4. Why not a job?
WHY are you so diligent, persistent, curious or smitten about the idea of working for yourself?
1. Ask yourself, WHY do I want to be a… [whatever term you like]? Write your answer down.
2. Look at the answer you’ve just written down and ask yourself, WHY is that important to me? Write your answer down.
3. Repeat step 2 many times, until you feel like you’ve arrived at an answer that feels authentic, positive and powerful – and maybe even a little surprising.
1. Ask yourself, WHY do I want to be a… [whatever term you like]? Write your answer down.
2. Look at the answer you’ve just written down and ask yourself, WHY is that important to me? Write your answer down.
3. Repeat step 2 many times, until you feel like you’ve arrived at an answer that feels authentic, positive and powerful – and maybe even a little surprising.
Thanks to: Pete Savage of The Wealthy Freelancer.
5. 24/7 Commitment
The one question you must ask yourself is whether you are willing to work 24/7 for the months or years it takes to launch a successful business. Yes, you may be able to hire people to work with you, but it still comes down to your being on the hot seat all the time. If you have always worked for other people and been able to leave the office at a decent time each day and have your weekends totally free, think long and hard before sinking your life savings into starting your own business.
Thanks to: Phyllis Zimbler Miller of Miller Mosaic Power Marketing.
6. Are YOU Doing YOUR Passion
In setting up a business one needs to make sure it's their passion and that what ever you are planning to sell or do that there is a need. So who is your Customer, what is your competition, etc etc once those guestions have been answered you can move to the next step. Talk to people make them your market research team and share what you want to do and see what their reaction is.
Thanks to: Robbie Motter of Robbie Motter dba/ContactsUnlimited.
7. Will You Stay The Course?
What no one tells you when you decide to pull the emergency hatch and do a "Jet Blue" is that in the beginning it's usually not all sunshine and rainbows when you start a new business.
You've got to be prepared for lots of ups and downs that could very well send you scurrying for the "help wanted ads."
So the most important thing, before you spend your time and money on launching a business, is to ask yourself "will I stay the course when the going gets tough?" If yes, go for it!
You've got to be prepared for lots of ups and downs that could very well send you scurrying for the "help wanted ads."
So the most important thing, before you spend your time and money on launching a business, is to ask yourself "will I stay the course when the going gets tough?" If yes, go for it!
Thanks to: Melanie Jordan of SunLover Publishing LLC.
8. Can You Admit You Know Nothing
Are you prepared to go all in? There is a lot of work to be done before you get to enjoy the "glamourous" side of owning a business. Are you prepared for the hard work, consistency in effort and willing to admit you don't know ANYTHING? The minute you think you have it all figured out, things change and you need to be able to quickly adapt. You can't be complacent or satisfied. There is always something new to learn. Be willing to go all in and enjoy the JOURNEY...it's the best part.
Thanks to: A.Michelle Blakeley of Simplicity Mastered.
9. Am I committed?
The first question you need to ask is are you committed? Being an entrepreneur is an amazing process, freeing and exciting. However, as you can ask any other entrepreneur it is not always a bunch of fragrant roses, sometimes the get pricked by the thorns. Endurance to run the race to the end! Are you willing to keep going no matter the obsticals? Are you willing to get training and coaching? Are you willing to take steps of faith? Basically said, Are you Committed?
Thanks to: Robin Hardy of Integrity VA Services.
10. I'm ready to work 24x7!
Do you really want to start your own business? I mean really...
If so the 1st & most important question you need to ask yourself is; am I ready to work 24x7x365.
Whether your business is open 8 hours a day or 24, the success of your venture is tied to your ability to focus on your business CONSTANTLY. This includes the actual running of it as well as devising ways to constantly improve and grow it.
Crucial to all of this is having your family buy into this. If not, stick to the 9 to 5!
If so the 1st & most important question you need to ask yourself is; am I ready to work 24x7x365.
Whether your business is open 8 hours a day or 24, the success of your venture is tied to your ability to focus on your business CONSTANTLY. This includes the actual running of it as well as devising ways to constantly improve and grow it.
Crucial to all of this is having your family buy into this. If not, stick to the 9 to 5!
Thanks to: Scott Gingold of Powerfeedback.
11. "Will It Sell?"
As someone who became an accidental entrepreneur over ten years ago, I think my #1 question is "Will it sell?" Followed closely by "How much will it cost?"
Profit margin and marketability are key.
Although, I'm reading more and more the phrase that there is a customer {somewhere} for everything and anything.
Profit margin and marketability are key.
Although, I'm reading more and more the phrase that there is a customer {somewhere} for everything and anything.
Thanks to: Joann Sondy of Creative Aces: Graphic Design.
12. It Must Be Fun!
Whatever business one starts, it must be fun. If your not having fun, you won't be happy and your business won't be a true success. I focus on marketing and PR for small businesses because I truly enjoy learning about different businesses and have fun contributing to its growth and success. In a nutshell, if its not fun, do not do it!
Thanks to: Beth Silver of Doubet Consulting.
13. Am I Able & Able For This?
Is what I'm embarking on really my dream or someone else's?
Will I do whatever it takes to make this business really happen?
Do I have a reality confront on that it will take financially, emotionally and physically to stay the course?
While there are three questions here, they can all be rolled into one major question, before beginning a business quest!
Will I do whatever it takes to make this business really happen?
Do I have a reality confront on that it will take financially, emotionally and physically to stay the course?
While there are three questions here, they can all be rolled into one major question, before beginning a business quest!
Thanks to: Alice A March of The Attention Factor (R).
14. Be Prepared to Fail and Learn
I have a plaque on my desk that says" What would you attempt to do if you knew you could not fail?" I look at it every day to muster up the courage to try things that I haven't done before. In order to be an entrepreneur you have to learn to fail quickly, identify what's a better plan, and then courageously GO FOR IT! We all learn from mistakes. My advice is to not take yourself too seriously and fix the mistake and go on. Do your best to keep learning.
Thanks to: Kathy Mason of Mason Works, LLC.
15. Why?
Starting a business is a lot of hard work often requiring gallons of blood, sweat and tears. When you are going through the trenches, when things don't go as planned, when you are working for the 20th hour in a row to complete a deadline... it is vital that you have the passion and drive to do it. Much more than "I want to make money," your business must have a strong purpose- one that coincides with your values and strengths. Not only will it help your bottom line, but also your happiness!
Thanks to: Elizabeth Lombardo of A Happy You.
16. Have A Great Idea!
The most important question to ask yourself before going into business is, “What is so unique about my product (good/service)”? Knowing the answer will help determine if you should license intellectual property to garner residual income versus open a storefront and expense land, labor, equipment, materials, etc. Although having a storefront is fun, most money-making products (the ones that sell like hot cakes) tend to be nothing more than really great ideas or goods versus a service.
Thanks to: Isha Edwards, Brand Marketing Mgr. of EPiC Measures LLC.
17. Where Are the Customers?
The one question everyone starting a company should ask is "How am I going to get business?" Don't worry about finding office space, printing business cards, hiring staff, or even doing the work. First, figure out how you're going to attract customers. And for goodness sakes, be realistic.
Thanks to: Susan Greene of Susan Greene, Website Copywriter.
18. Am I Able & Ready For This?
Is what I'm embarking on really my dream or someone else's?
Will I do whatever it takes to make this business really happen?
Do I have a reality confront on that it will take financially, emotionally and physically to stay the course?
While there are three questions here, they can all be rolled into one major question, before beginning a business quest!
Will I do whatever it takes to make this business really happen?
Do I have a reality confront on that it will take financially, emotionally and physically to stay the course?
While there are three questions here, they can all be rolled into one major question, before beginning a business quest!
Thanks to: Alice A March of The Attention Factor (R).
19. Will I Stop Clock Watching?
To start a business, ditch the habit that you have enjoyed during your years of working for somebody else--watching the clock.
All that time, 5:00 P.M. meant freedom, and Saturday meant forty-eight hours of leisure ahead. Nice, huh?
Well, try that with your own business and you won't be in business long. Switch your focus. Stop watching the clock, and look at your goals instead. This is the only way you will succeed in running your own business.
Results matter, time doesn't.
All that time, 5:00 P.M. meant freedom, and Saturday meant forty-eight hours of leisure ahead. Nice, huh?
Well, try that with your own business and you won't be in business long. Switch your focus. Stop watching the clock, and look at your goals instead. This is the only way you will succeed in running your own business.
Results matter, time doesn't.
Thanks to: Bill Lampton, Ph.D. of Championship Communication.
20. Why Oh Why?
A business can be incredibly exhilarating...and it can be painfully frustrating. It's a neverending roller coaster. At the start the ups and downs can be very steep (they shallow out over time, I promise). So it is important to ask yourself WHY you are starting a business. And your answer must be deep, heartfelt, and passion-tapping. Knowing this will help you stay in your seat when the coaster takes a downward turn, because you'll remember why you got on the ride in the first place!
Thanks to: Trish Lambert of Success in Sweatpants.
21. So what?
The #1 question I asked myself before going into business was "What's the worst that can happen?" I got that from Dale Carnegie training. If you figure out the absolute worst thing, then accept it & improve upon it, nothing is impossible.
What was the worst that could happen? I could fail. So what? Well I'd just get job working for someone else & start all over again. It's not like I would have been the first, or the last, to start over.
Having settled that worry I was free to succeed
What was the worst that could happen? I could fail. So what? Well I'd just get job working for someone else & start all over again. It's not like I would have been the first, or the last, to start over.
Having settled that worry I was free to succeed
Thanks to: Teajai Kimsey Stradley of Internet Marketing Ideas That Work.
22. Will I Celebrate Sacrifice?
The one question you should ask yourself before going into business: Do I love "doing" the work in the type of business I have selected? Being self-employed is all consuming -- especially in the early years. It isn't enough to just want to be in business or just make money. You must love what you are going to do daily so that the sacrifices you will make feel like a celebration of life. In other words, love what you do and it doesn't feel like work.
Thanks to: Kate Nasser of The People-Skills Coach.
23. Would I rather be "normal?"
When you start a business the comforts of normal life get put on hold. We all like going to movies and taking trips or even buying a new car but that often needs to be sacrificed for the sake of your business, at first. You have to ask yourself, "Am I fine not paying for fun and comfort now in order to build a business that can make me REALLY comfortable later?" The desire for instant gratification is the biggest thing a new business owner has to overcome. Some people have it, some don't.
Thanks to: Adam Weitz of New Harbor Design.
24. What Will You Sacrifice?
The best question to ask yourself is "What am I willing to sacrifice to make this business work?" Becoming an Entrepreneur is a life style change in the extreme. It often requires giving up hobbies, luxuries and free time all together. If you honestly can't live without three hours a day of World of Warcraft, or can't bear the thought of eating mac and cheese repetitively, this might not be your bag. Hang in there though, when it pays off you'll have time and cash for all of that!
Thanks to: Colleen Chapman of Copic Marker Scrapbooking.
25. Is This Something You Love?
We've all heard that if you do what you love you never work a day in your life. Well if you really love what you do, and it is a passion... then go for it. Otherwise if you are twisting and turning, handwringing and need a lot of convincing that this is something you should do... you will probably be better off leaving it alone, Not until YOU believe in YOU, will it not only work, but be FUN!
Thanks to: Alan Klayman of STUDENT at the wheel®.
26. Am I Made Of Tough Stuff?
You're going to need the tough stuff if you want to go into business or simply be a solopreneur. Especially in the beginning stages, it is a roller coaster ride of good days, bad days, and very financially stressful days. You'll need the tough stuff to endure and come out a victor!
Thanks to: Michelle Hill of Winning Proof.
27. Who has their checkbook out?
If you are launching B2B then you need to write down ten companies who will buy, find the name of the budget owner at those companies and ask them; if you solved their particular pain with your product/service/software would they write a check? If they are willing to pay for it, not maybe...sorta...we'll consider it, then you've found a winner. If not you've got sh** and need more toilet paper.
Thanks to: Patrick Sweeney of ODIN - RFID Experts.
28. The Family Wars
Am I ready for the family wars to begin? It'll be the war with yourself about splitting time between the business and your family. The war with the members of the family who don't understand being in business for youself. There's always the war with the spouse, in some instances, who doesn't agree with certain business things or doesn't like how much time your spending on business things. Perhaps war is too strong of a word, but sometimes it feels like it. Be prepared to make peace.
Thanks to: Aimee Koester of Jewel Street Designs.
29. Do I Love This?
The ONE question everyone who starts a business needs to ask themselves is, "Do I Love This?" If the answer is yes, go for it. If the answer is no, run screaming in the other direction as fast as you can. When you own your own business, you will spend extreme amounts of time working. Life is too short to spend time doing something you don't love! Cheers ~Norma
Thanks to: Norma Maxwell of Norma Maxwell Web Design.
30. For Love or Money?
Ask yourself, "Do I feel passionate enough about this that I'm doing it for the love, not the money?" It's fabulous if the income potential is high; one of the great things about entrepreneurship is that we determine our limits. That said, if your motivation is primarily money, you'll end up being a slave to your business. Coming from love means you'll have more patience, passion, persistence and perspective to endure for the long haul. Money can't buy you love, but love can lead you to money!
Thanks to: Beth Buelow, ACC of The Introvert Entrepreneur.
31. Live & Breathe It
Before starting a business it's imperative the entrepreuner asks: Do I have the PASSION to see it through? It's that passion--the total belief in your business' services or products--that'll smooth out the ups & downs and keep the focus squarely on the goal: success!
Thanks to: Karen Whittier of Embrace Activism.
32. The Long Haul
There's a starting and exit point in creating a business and the time in between those points is "the long haul." Before you go down the path make sure you're passionate and motivated enough to see your business become a success. There are plenty of detours and closed roads along the incredible journey, so make sure the tank it plenty full for the ride.
Thanks to: Melissa Rose of Biz in a Boxx.
33. Are You Ready???
In this present economic climate, we’ve seen the birth of more small businesses than at any other time in recent history. More and more people are embarking on new business ventures and taking their entrepreneurialism to the next level. If you are passionate about starting a business, find out if you are ready by asking this question. How much time am I willing to invest in getting my business off the ground? Your answer should be, "whatever amount of time it takes."
Thanks to: Dr. Madeline Lewis of Deline Institute.
34. Passion plus Purpose = Profits
The most important question is why do you want to open this business and what impact do you want to have on customers, the community and the world? If you can only think of "making money" as the reason to open your business, you will never create a killer brand - and the money won't follow. What is the higher mission that will inspire customers and employees alike? Do you paint houses or give people pride in their homes and beautify communities? Do you make jewelry or do you create memories?
Thanks to: Maria Ross of Red Slice.
35. Blood?
Blood? Ok, it's not too far off to recommend you ask yourself if you are wiling to "sweat blood" when you begin a biz but that's not the question I present. Instead, when thinking of going into biz you need to ask yourself if you REALLY know and UNDERSTAND the answer to this question: "What is the life blood of any business... and without it your business will cease to exist?" The answer is marketing. Every entreprenuer needs to know this AND LIVE BY IT - FROM THE BEGINNING!
Thanks to: Kimberlee Hayward of Briliant Marketing!.
36. If I Only Had The Nerve
Remember the Lion from The Wizard of Oz? He sang - "If I only had the nerve." I think the question to ask yourself is do you have the nerve? The nerve to believe? The nerve to explore? The nerve to launch? The nerve to ask for help? The nerve to fail - and succeed?
You gotta have nerve to get up every day and enter the game. You gotta have nerve to believe that you can and will be successful. It takes guts, stick-to-it-iveness, and courage.
Do you have the nerve?
You gotta have nerve to get up every day and enter the game. You gotta have nerve to believe that you can and will be successful. It takes guts, stick-to-it-iveness, and courage.
Do you have the nerve?
Thanks to: Diane Helbig of Seize This Day Coaching.
37. JUMP BEFORE YOU LEAP
Do I know what I Want and When I want it from my business ? If you bring up a no - then it is time to take a step back... and get your goals arranged before you start selling them to yourself !
Often more mistakes are made in a small business from rash leaping when a small jump would have sufficed.
Often more mistakes are made in a small business from rash leaping when a small jump would have sufficed.
Thanks to: Aisha Bauer of eSutras Organics.
38. What Is Your Purpose?
Ask yourself: What is my purpose for starting this business? You need to understand your motivation for creating a business because it needs to be so strong that it carries you through thick and thin.
Thanks to: Andrea Gold of Gold Stars Speakers Bureau.
39. Soul Searching
The number one question is to ask yourself if you are going to give everything you have to make the business a success. If you are not willing to give 100%, go get a 9-5 job. Don't worry about, "Can I do it?". If you give 100% you will find a way to make it work!
Thanks to: Carl Forsell of Connections Planet.
40. Ready To Say 'I Do'?
The one question you need to ask yourself when starting your business ...Are You committed? It's like getting married, so be prepared to say 'I Do' because it is a commitment like no other. If you are not committed from day 1, you will not be successful.
Thanks to: Katie O'Neill of Kt Steppers, llc.
41. Market Or Bust
The one question I would ask a potential business owner is: Do you enjoy marketing as much as you enjoy doing the 'work' of your business?
Thanks to: Sharon Armstrong of Sharon Armstrong and Associates.
42. Surefire Way To Avoid Failure
Business fail because there isn't enough demand for what they are offering.
Entrepreneurs come up with great ideas and assume people will pay for them. However, people don't pay for great ideas, they pay to have their problems, frustrations or needs solved.
So before getting started, research:
-Does the market or niche that I am considering starting in have a huge, frustrating need that my product or service can fulfill?
Yes? Great, take action! No? Find another idea or market!
Entrepreneurs come up with great ideas and assume people will pay for them. However, people don't pay for great ideas, they pay to have their problems, frustrations or needs solved.
So before getting started, research:
-Does the market or niche that I am considering starting in have a huge, frustrating need that my product or service can fulfill?
Yes? Great, take action! No? Find another idea or market!
Thanks to: Sean Gallagher of StartupFreedom.com.
43. What Makes Up My Ultimate Life
Before you get started with a business, you need to ask yourself why? Are you doing it for the money, the glory, respect, the freedom?
Finding your motivation is what will keep you going when things get tough. Cause things are going to get tough as you build your business.
When working long hours, you need to be able to say This is why I am doing it.
Having our Why front and center in our business helps us to keep moving and making progress when times are tough.
What is your WHY?
Finding your motivation is what will keep you going when things get tough. Cause things are going to get tough as you build your business.
When working long hours, you need to be able to say This is why I am doing it.
Having our Why front and center in our business helps us to keep moving and making progress when times are tough.
What is your WHY?
Thanks to: Scott Lovingood of The Wealth Squad.
44. All Day Every Day
There's one question every aspiring entrepreneur needs to ask themselves before going into business and that's: "Will I love doing this every day for the rest of my life?"
Being an entrepreneur means always being on call at all hours of the day or night... Bill Gates knows this, Richard Branson knows this and Mike Michalowicz knows this.
Once you've found your niche, doing what you'd do for free, the money won't matter as much but you'll close deals faster and easier than ever before.
Being an entrepreneur means always being on call at all hours of the day or night... Bill Gates knows this, Richard Branson knows this and Mike Michalowicz knows this.
Once you've found your niche, doing what you'd do for free, the money won't matter as much but you'll close deals faster and easier than ever before.
Thanks to: Brian Aitken of Alister & Paine Magazine.
45. MORE THAN A HOBBBY?
As wonderful and creative most ideas for starting up a business, you need to ask yourself, "is this more than a hobby?" Because unless the answer is yes, I doubt there will be enough passion behind your service, product or offer. Your energy will ebb with efforts that may end up being half-hearted. Your audience will "feel" this.
Thanks to: Carolyn Bartz of SECRETS OF CAT ATTITUDE REVEALED.
46. Congratulations!
You are now a salesperson for life.
And, if you're not doing your own sales, you have signed up to hire sales people.
The life of an entrepreneur is one of constantly needing to sell yourself, and I think it's the number one thing that people don't realize when they become one.
And, if you're not doing your own sales, you have signed up to hire sales people.
The life of an entrepreneur is one of constantly needing to sell yourself, and I think it's the number one thing that people don't realize when they become one.
Thanks to: Lindsay Wilson of Social Media Heaven.
47. Can you afford to be Boss
Do you have the money, stamina,committment, and strength to start your business. Can you afford to be the boss, financially, emotionally, and physically?
Thanks to: Haralee Weintraub of Haralee.Com.
48. What are you willing risk?
"What are you willing to risk"... to be successful, to meet your goals, even just to survive? You may be spending more time away from your family, you will need to expand your knowledge and do many things you don't enjoy just to be in the business you enjoy! The business will cost more than you have planned. Are you willing to dip further into your savings? Can you handle defeat? If you can answer yes to all, you are off to a good start!
Thanks to: David Weaver of The Weaver Group.
49. Do I really believe in it?
The first question you need to ask yourself before starting a business is do I TRULY believe in the product I've developed or the business I am creating. If you do not believe in it, no one else will and you'll never be able to sell it others. This is also what keeps you going when you are ready to give up. If you know beyond a shadow of a doubt what you are doing makes a difference to someone. For us, it is the quick note from a breastfeeding mom, telling us how much our product has helped.
Thanks to: Lois Whittaker of Cushie Pushie Company.
50. The most important question
Does this fill a need?
Thanks to: Mary Pitman of Green Light Inspirations.
51. I'll sleep when I'm dead!
Are you so passionate about your business that you are loosing sleep even before you start and you could not care less? I remember before I even started my business I was working the day job and I would stay up all night working on designs. I would take a nap, get up, shower and head to the day job still wound and excited from all I had accomplished the night before! I could not wait to get off work so I could get back home and go to work!
Thanks to: Christine Haynes of Fezelry Jewelry Designs.
52. is this really for me?
The most important question you need to ask yourself: Is entrepreneurship for me? In other words are you a self-starter; how well do you get along with different types of people and personalities; are you good at making decisions; how well do you plan and organize; can you maintain your motivation; and do you have the physical and emotional stamina to run a business and be on call 24/7?
Thanks to: Mallary Tytel of Healthy Workplaces.
53. Saying "I Do..."
Starting a business is like marriage - it has it's ups and downs, they'll be tears and cheers and totally nerve wrecking events. You'll actually have to work at it to make it work. So the first question every prospective entrepreneur needs to ask him or herself is - AM I READY TO MAKE A COMMITMENT to my new business.
Thanks to: Myra Roldan of J.S.I., LLC.
54. Do You Get Motion Sick?
Do you get motion sick? If so, think long and hard before becoming an entrepreneur. The entrepreneurial road is bumpy at best. At its worst it has zero gravity, free fall drops. If you are afraid of risks, fear the unknown and don't have the ability to change directions quickly in order to land on your feet, you may not be cut out to be an entrepreneur. But if you are a person who rides a roller coaster hands free howling in the wind, then this entrepreneurial trip may be just your ride!
Thanks to: Darline Turner-Lee of Mamas on Bedrest & Beyond.
55. Just What Are You Lousy At?!?!
In my experience consulting with entrepreneurs, one of the biggest pitfalls is when the owner does not fully acknowledge or is even aware of their own weaknesses...
When that happens, they end up spending inordinate amounts of time and $ in areas which kill the business fast! Knowing when to hire or look to others for help is critical.
You may have the perfect product/service, but be humble enough to know that your management skills aren't! So what are lousy at? It just might help!
When that happens, they end up spending inordinate amounts of time and $ in areas which kill the business fast! Knowing when to hire or look to others for help is critical.
You may have the perfect product/service, but be humble enough to know that your management skills aren't! So what are lousy at? It just might help!
Thanks to: Kenny Jahng of Small Biz Coach For Hire.
56. Another Source of Income?
If you are thinking about starting up your own business, make sure you have another source of income for at least 5 years. Many unexpected expenses can get in the way of a paycheck for the first few years of a start up. You don't want a lack of a salary early on to put an end to your dream of having your own business!
Thanks to: Lisa Assenza of HuePhoria.
57. Am I Being Like Kevin Costner?
Many times entrepreneurs can do things on faith, "build it and they will come." But that only worked in the movie Field of Dreams. For the rest of us, you have to know IF there is a profitable market for your product or service, CAN YOU deliver it to a wide enough market other than your cousin Ed and your mom and HOW will you attract them with something other than discounts. Answer those ahead of time and you won't be left wandering the corn fields looking for fame - you'll have created it.
Thanks to: Bob Phibbs, the Retail Doctor of The Retail Doctor.
58. Why
Why? Why do my (potential) customers need me? What do I offer that others don't? What makes me special and unique?
You aren't ready to go into business until you can give clear, concise and honest answers to these.
You aren't ready to go into business until you can give clear, concise and honest answers to these.
Thanks to: Laura Petrolino of Flying Pig Communications.
59. Realistic Money
It is easy to be optimistic when starting a business, so I recommend you cut the projected revenues at least in half for the first 2 – 3 years. Then ask yourself if you can live on and still finance the business on that estimated income. If your answer is yes then you are headed in the right direction and will have a better chance of being successful!
Thanks to: Andrea Travillian of Smart Step, Inc.
60. Willing To Answer To Many?
Ask yourself if you're willing to have more bosses than you could ever have working for someone else. Yes, that's right...every single, solitary potential customer or current client is your boss when you own your own business. That means you'll need to use expert conflict resolution skills even when you feel like telling someone to go fly a kite. It will take a lot of work on your part to ensure that only good things are said about you and your reputation.
Thanks to: Vivian Scott of Vivian Scott Mediation.
61. Can you be the best?
With anything worth pursuing, I believe there needs to be a feeling of having something outstanding to bring to the world. When I left the corporate managerial world to open my studio, I genuinely felt I could be the BEST children photographer in the world.
There has to be a strong pull TOWARDS a dream, rather than a push AWAY from a nightmare.
We each have something we can excel at -- find it, then live it.
There has to be a strong pull TOWARDS a dream, rather than a push AWAY from a nightmare.
We each have something we can excel at -- find it, then live it.
Thanks to: Oana Hogrefe of Oana Hogrefe Photography.
62. Are You Ready to Work 24/7?
That's right! Starting a business requires your 24/7 commitment. You will eat, sleep, and breathe your business. Every spare moment you have will go into it and every contact you make will be a potential customer/client. You will work late hours, early mornings and on the weekends. If you don't work, you don't get paid. The level of commitment you make in the beginning shows others that you mean business.
Thanks to: Suzanne Shaffer of Parents Countdown to College Coach.
63. One is the lonliest number...
I think it's really important to get the opinions of those you love and trust before doing any business...Esp. if you are starting up something totally new! Take a poll and see if your friends would buy what you want to sell, or join you in the adventure. If everyone says the idea sucks, hmmmm...probably not such a good idea to forge ahead. No man is an island and you don't want to be in business.
Thanks to: Jocelyn Wiebe of AmeriPlan.
64. Is This True Love?
Before starting a new, potentially costly project, you need to ask yourself whether you are really and truly passionate about this project. What could you be doing if you didn't start your new project? Could you be just as happy doing something else? If the answer is a big, loud "no," then you are off to a good start.
Thanks to: Berit Brogaard of University of Missouri, Saint Louis.
65. Do I Have What it Takes?
The one question you have to ask yourself before jumping in and creating that business is "do I have what it takes?" Sure everyone would love to create a business, especially something they love but are you truly going to be dedicated to it? It's one thing to have a passion but are going to see that passion through even in the tough times? Everyone always sees the business when it's on the up and up and not always the lows. If you can answer yes to that question and then go for it.
Thanks to: Ashley Bodi of BusinessBeware.Biz.
66. Are you a great manager?
Some beleive that being self employed means that you can hit the golf course whenever you want. On the contrary. Being self employed takes massive discipline and accountability. You would not dare take a sick day to hit the course if you had a boss. You must be an expert at time management, deligation, team management and customer service to grow a successful business. Taking responsiblity for everything that happens in your compnay is key, no more ponning stuff off on your superiors.
Thanks to: Savannah Ross of Rich Mom Enterprises Inc..
67. Are You An Entrepreneur?
The fundamental question to ask before going into business is:
Are you really an entrepreneur?
Owning your own business isn't like having a job. The privileges of business ownership come with a whole bucketload of responsibilities and duties. They go hand in hand. You can't have one without the other.
Talk to some other business owners about the pros and cons. See if the downside is really something you can (and want) to live with. See if entrepreneurship is a good match.
Are you really an entrepreneur?
Owning your own business isn't like having a job. The privileges of business ownership come with a whole bucketload of responsibilities and duties. They go hand in hand. You can't have one without the other.
Talk to some other business owners about the pros and cons. See if the downside is really something you can (and want) to live with. See if entrepreneurship is a good match.
Thanks to: Alison Moore Smith of Amazing Life Blog.
68. 17 Keys to Success
There are a host of variables anyone looking at going into business must consider. I believe that Napoleon Hill's 17 Principles of Personal Achievement envelopes the key factors. By reading through the 17 principles and doing an honest and accurate self-evaluation will enable anyone starting a business to be on firm-footing. Napoleon Hill's Keys to Success: The 17 Principles of Personal Achievement is a must for your personal library.
Thanks to: Eileen Batson of Batson Group Marketing and PR.
69. Can I Handle Freedom?
Most entrepreneurs-to-be want freedom: calling the shots, making the decisions, deciding when to work and when to relax. To have this freedom means being more responsible. Making decisions means being wise in those choices.
Freedom and responsibility go hand-in-hand. Freedom requires discipline or else it is simply chaos. "Can I handle freedom?" means, "Am I willing to be responsible and disciplined enough to use freedom wisely?" If the answer is "yes," then go for it!
Freedom and responsibility go hand-in-hand. Freedom requires discipline or else it is simply chaos. "Can I handle freedom?" means, "Am I willing to be responsible and disciplined enough to use freedom wisely?" If the answer is "yes," then go for it!
Thanks to: Laurel Clark of School of Metaphysics.
70. Will You Take Action?
I started with no capitol and grew my business into the top 5% of revenue producing businesses in the United States by doing one thing!
Taking Action! If you won't Take Action then you won't make it.
Taking Action! If you won't Take Action then you won't make it.
Thanks to: Evan Money of Life Coach Evan.
71. Can You Really Multitask?
As a solo entrepreneur, you are essentially acting as every job position at your company until you can hire someone else to do some of the work. This to me is the most difficult thing about starting my own company. A one-person show can be very draining, but on the other hand you are completely in control.
Thanks to: Barbara Schantz of Baby Dipper, LLC.
72. Will This Work?
The #1 question I asked myself was "Will this work?" As a professional speaker and sales trainer, did I have the right stuff and would people be willing to pay for it. The 2nd question was "Am I willing to do what it takes to be successful?" If you are not willing to pour your life into the deal, then the first question will be answered...No It Will Not Work. I have seen it so many times. The successful ones are singleminded...focused!
Thanks to: Curt Tueffert of Brick Wall Motivation.
73. Consider the Learning Curve
What do you need to learn? You have a great skill or a great idea for a product or service. You may even have a great track record as a sales person in a previous life. There will still be some gaps to fill in as you launch your business - it could be marketing, building a support team, networking, product development, etc... Before going starting your business, calculate the learning curve and create a plan get the information, training, experience you need.
Thanks to: Tai Goodwin of The Career Makeover Coach.
74. Are You Willing To Spend It?
Folks that are thinking of going into business for themselves need to be willing to go "all in."
This is not the time to be cheap.
Have a nice-size budget for marketing and PR.
Then spend it all.
This is not the time to be cheap.
Have a nice-size budget for marketing and PR.
Then spend it all.
Thanks to: Joel Libava of Franchise Selection Specialists Inc.
75. Can You Market?
Most people get into business by (1) knowing how to do the thing (the service) or (2) deciding to sell products that they like or that the market place demands.
The #1 question that an entrepreneur needs to ask herself is.. can I move the product? Can I sell my services to make enough $$?
You MUST know how to market, especially for service professionals, who truly know their stuff. KNOWING is not enough!
Knowing how to market is crucial AND, luckily enough, it can be learnt!
The #1 question that an entrepreneur needs to ask herself is.. can I move the product? Can I sell my services to make enough $$?
You MUST know how to market, especially for service professionals, who truly know their stuff. KNOWING is not enough!
Knowing how to market is crucial AND, luckily enough, it can be learnt!
Thanks to: Sandra Baptist of Assn- Women Accountants in Business.
76. Can You Handle It?
The most important question you need to ask yourself is: "Can I handle challenges throughout the day and adapt to change direction quickly?" Being an entrepreneur means being able to handle quick changes and take on the challenges that come your way at any given moment.
Thanks to: Susan Vernicek of S&J Identity, Inc..
77. Not Everyone Will Succeed
Before making the leap into entrepreneurship, ask yourself if you have what it takes to become a business owner. Not everyone possesses the characteristics and traits it takes to be a successful business owner. If you aren't a visionary, big picture thinker, a self starter, motivator, delegator or planner, perhaps business ownership is not for you. Ask "Should I?" and spend time on due diligence research before you commit.
Thanks to: Terri L Maurer of Maurer Consulting Group.
78. Have enough passion?
Do you have enough passion and belief in your gift, service or product to stick with it when the doubt and tough times hit? It's been more important then having enough financial support. It’s who we are in the face of what other people think about us, the economy and disappointment. My passion to assist women and men in reclaiming and enjoying the gift of their sensual essence keeps me going every single day.
Thanks to: Debra Smith of The Sensuality Sage .
79. Ask Yourself
Ask Yourself:
Is the business that I want to do
the thing that I Love to do?
In other words: Is it your passion?
Is the business that I want to do
the thing that I Love to do?
In other words: Is it your passion?
Thanks to: Mark Biemans of MARK BIEMANS PROJECTS.
80. Reality Check: Family
"If I fail and lose every single penny I put into this company, will I still be able to - realistically - rebound quickly enough (or draw upon my savings) to take care of my family reasonably?"
Thanks to: John Exley of Syncables.
81. Do you have passion?
Do you have enough passion about your subject matter to do it every single day? In my case, my passion is child safety. And yes I have enough passion about it to still be in business running my child safety store after 9 years. What is your passion?
Thanks to: Kay Green of My Precious Kid LLC.
82. Can I Survive?
Do I have a plan no matter what? When customers disappear? When the economy goes crazy? When I have too many customers? When life seems too good to be true? If you have a plan and know your target market and have multiple revenue streams then yes Virgina you can survive.
Thanks to: Harriet Cohen of Training Solutions.
83. Is It Expandable?
Let's be honest, we all start businesses to make money and put ourselves in a position for a better life; all other things like the passion and fun comes after. Before you start a business, it's important to ask yourself if your idea is expandable. Is it a business with expansion potential or just a lifestyle business?
Thanks to: Jimi Olaghere of BagAWriter.
84. Can I Afford to Mess Up?
The answer is NO! Starting a business is full of potential costly mistakes. There are a myriad of legal, technical and marketing pitfalls! You can't be an expert in everything!
Get experts to help you in those other areas. The best resource for small businesses is gosmallbiz.com. It provides a cost effective way to access legal help and business consultant expertise in all areas of business. You even get a free website!
www.planspecialist.com Business Legal Services Plans and learn more!
Get experts to help you in those other areas. The best resource for small businesses is gosmallbiz.com. It provides a cost effective way to access legal help and business consultant expertise in all areas of business. You even get a free website!
www.planspecialist.com Business Legal Services Plans and learn more!
Thanks to: Linda Rasmussen of The Plan Specialist.
85. Can I handle failure?
The chances of creating a successful business are stacked against you even if you have years of experience under your belt. You cannot be a business owner and be afraid to fail. In fact you should expect it. My first business was an art website that I was sure would make me rich, but didn't. It actually cost me money, but I gained so much knowledge! That was very useful with my second website, which is still profitable and now I am working on my third. Failure is a part of business.
Thanks to: Leah Oviedo of Investing In Women.
86. Are You REALLY Ready
Before you start your business, you should ask yourself, "Am I REALLY ready to give up family time, sleep, social events, money and sanity for a while until I get this business up and going and profitable?" If your answer is yes, then GO FOR IT and know that down the road, you'll have your heart's true desire......Your own business, and all the perks that go with it. It just takes a little sacrifice up front!!
Thanks to: Brandi Tolley of Buy BIG from Brandi.
87. 24/7
Do you have the time, energy and/or capital for the first few years to truly dedicate? With lack of capital it takes more time. With lack of time put in, not working 24/7, it takes more capital. Either way you slice the pie, it requires alot of energy. Ask yourself the most difficult questions.
Thanks to: Nichole Wright of Bon Vivant Events, PR & Fundraising.
88. What Is Your Revenue Model?
The first question I asked myself, my husband asked me, and anyone inquiring about my business is: what is your revenue model (i.e. how are you going to make money?).
Thanks to: Julie Arnheim of Rubbing Nickels, Inc..
89. Why? Why? WHY?
Why do you want to do this? (Be brutally honest here... Money? Passion? Prestige? You've been fired and have to?) Know your foundation.
Why can't you... (go now, spend $, eat out, attend a kid function)? People won't understand. Be committed, be ready to miss out and mess up and make the people who love you unhappy sometimes. It will happen.
WHY did I DO this?!? You WILL get to this point. Before you start, know there will be days you'll hate it. And, days you'll really, really love it.
Why can't you... (go now, spend $, eat out, attend a kid function)? People won't understand. Be committed, be ready to miss out and mess up and make the people who love you unhappy sometimes. It will happen.
WHY did I DO this?!? You WILL get to this point. Before you start, know there will be days you'll hate it. And, days you'll really, really love it.
Thanks to: Mandy Vavrinak of Crossroads Communications, LLC.
90. Can I Handle Freedom?
Most entrepreneurs-to-be want freedom: calling the shots, making the decisions, deciding when to work and when to relax. To have this freedom means being more responsible. Making decisions means being wise in those choices.
Freedom and responsibility go hand-in-hand. Freedom requires discipline or else it is simply chaos. "Can I handle freedom?" means, "Am I willing to be responsible and disciplined enough to use freedom wisely?" If the answer is "yes," then go for it!
Freedom and responsibility go hand-in-hand. Freedom requires discipline or else it is simply chaos. "Can I handle freedom?" means, "Am I willing to be responsible and disciplined enough to use freedom wisely?" If the answer is "yes," then go for it!
Thanks to: Laurel Clark of School of Metaphysics.
91. What's your exit strategy?
Do you want a business that grows organically and supports you and your family? A business that can be run during nights and weekends while you keep your "day" job? Or a business that you want to sell in 2-5 years so that you can move on to your next idea? Your "exit" will shape every business decision made from day 1 - so spend at least a few minutes thinking about it before you start!
Thanks to: Katie Shea of FUNK-tional Footwear.
92. Start Your Business With A WHY
I've worked with many entrepreneurs who started a business just for the sake of starting a business. When I ask them WHY they started the business, they often have a hard time answering. The "Why" for your business includes: 1) your personal reasons for starting the business, and 2) the benefit you are providing to the marketplace. If you don't know why you are in business (or why you are starting a new business), take a few steps back and answer this key question.
Thanks to: Steve Sponseller of Innovation Strategies, Inc..
93. Do I have in me?
Do I have in me?
1.Passion & gut feelings are two most important factors forcing you to chart waters of entrepreneurship.
2.Do it yourself attitude with ability to get work done. Patience is a virtue.
3.Ready to live with limited financial resources till business takes roots is critical consideration.
4.Family support needing constant encouragement.
5.Can I face failure & learn from it? Humiliation is a bye product.
6. Can I be positive in all circumstances.
Yes I do!
1.Passion & gut feelings are two most important factors forcing you to chart waters of entrepreneurship.
2.Do it yourself attitude with ability to get work done. Patience is a virtue.
3.Ready to live with limited financial resources till business takes roots is critical consideration.
4.Family support needing constant encouragement.
5.Can I face failure & learn from it? Humiliation is a bye product.
6. Can I be positive in all circumstances.
Yes I do!
Thanks to: Naresh Vij of Kaveri Consultants, India.
94. What Problem Are You Solving?
If you're not solving a problem then you're not starting a very good business. Great businesses are built around providing some sort of value to users and customers. What value are you contributing to people's daily lives?
Thanks to: Danny Wong of Men's Custom Shirts | BL.
95. Believe To Achieve
The most important question you must ask yourself before becoming an entrepreneur is: "Do I truly believe in MY idea and MY ability to make it happen? If you hesitate for even one moment on this question or believe you need someone else to be successful then STOP now! You must be able to imagine your success and envision yourself leading the way. You must believe to achieve.
Thanks to: Vicki Donlan of VickiDonlan.
96. Th BIG Why?
It is really pretty simple...when starting up a business, the very first question you want to ask yourself is...WHY?
The answer to that question should provide you with enough motivation to propel you into success! It is remembering your WHY that will always give you a goal and support all the hard work and energy it takes to start your business, and continue to flourish in it.
The answer to that question should provide you with enough motivation to propel you into success! It is remembering your WHY that will always give you a goal and support all the hard work and energy it takes to start your business, and continue to flourish in it.
Thanks to: LeeAnn Hopkins of Just Hair.
97. MARKET SCHMARKET
Just because your best friend thinks it's brilliant doesn't make it a sure bet. Most important question? Are there enough people out there who are excited about this to turn your idea into a business? Do your market research…if you're serious and not just having an entrepreneurial spasm. Dr. Kano helped Konica discover the market for the first automatic cameras talking to people who took pictures for happy memories not professionally. For sustained growth discover your customer's hidden needs.
Thanks to: Rebecca Staton-Reinstein of Advantage Leadership, Inc..
98. How Many People Need You?
Before starting a business, ask yourself what need you are fulfilling by doing so. How many people really need what you have to offer? What will be your market size? It is important to do research and see if you are offering something different and will have a small pool of competition, or if you are offering the same product/service as millions of other people in the world!
Thanks to: Angel Tucker of Personality Profiles LLC.
99. Is Anybody Out There?
One of the first questions I feel you need to be asking before starting a business is do you have a potential client base. If you started offering this product or services, are there people out there that would want to pay for it. Also, be specific. I want to offer a particular service and I want to attract this type of client. Then do your research (which has never been easier), and see if it's a fit. Be prepared to make adjustments until you get it right.
Thanks to: Diana Ennen of Virtual Word Publishing.
100. Am I committed?
Over the years I've had too many 'entrepreneurs' referred to me that have said "I'll give it 3 months (or a year), if it doesn't work I'll get a job." Success in business requires a great deal of time, energy and effort along with the passion that allows one to get up every morning and forge ahead especially when things aren't happening as quickly as you'd like. That's the level of commitment that's required. The question is "Are you that committed?"
Thanks to: Dale Furtwengler of Furtwengler & Associates, P.C..
101. Motive+Innovation=Motivation
The one most important question to ask yourself before going into business is WHY? Why are you considering this venture? This question is important because it helps you discover your true motives and desires. If your motive is positive then it can be converted to fuel that will propel you forward. If your motive is self-serving or negative, then it will weigh you and everyone around you down. Ask yourself WHY?
Thanks to: Beverly Floyd of The Corporate Vine.
102. Who gives a ____?
In my seminars, my language is a bit more colorful- but the most important question you must consider before going into ANY business is simply: "Who gives a ____?"
You may care about your business, but your success depends upon finding customers who care enough to actually pay for your product or service, and pay enough to keep you going.
If you can answer my colorful question- you may be on your way to success!
You may care about your business, but your success depends upon finding customers who care enough to actually pay for your product or service, and pay enough to keep you going.
If you can answer my colorful question- you may be on your way to success!
Thanks to: Jim Bouchard of Think Like a Black Belt.
103. How Bad Is Your Itch?
Ask yourself how badly you want this new business to happen and ultimately succeed? Are you willing to sacrifice signficant time, money and effort towards making this project succeed? If the answer is anything less than a 100% commitment from you, then you need to reconsider your plans.
Thanks to: JR Rodrigues of Job Hunt Express.
104. Can & Will You Sell?
At some point as an entrepreneur you must sell. Be the front line for your product or service, or sell some banker if you want a credit line, or sell your company if that is your transition plan. Too many people go into business for themselves under the deception that their knowledge, their somehow better product or service, will be their magic carpet ride to success. GET OVER IT. At some point the entrepreneur must excel at sales and marketing, or hire someone who is.
Thanks to: Patricia Weber of Business Coach for Introverts & Shy.
105. Why??
Before jumping into business, first define WHY your business is going to exist. According to marketing genius Simon Sinek, the best businesses and leaders start all communications with WHY not what or how. People don't buy what you do, they buy WHY you do it.
Thanks to: Jillian Koeneman of Freshlime: Digital Marketing.
106. Do I have the stomach for it?
Starting a business is hard work, and don't let anyone tell you otherwise. Why do you think so many new businesses fail in the first two years? There will be tons of tough decisions to make, many sleepless nights and very long days. You'll wear more hats than you ever have, and have to know more than you ever thought possible. But, it's also one of the most amazing and empowering decisions anyone can make, and if you are ready and have your plan, go for it!
Thanks to: Bonnie Buol Ruszczyk of BBR Marketing.
107. Is It The Right Business!
The Number One Question That Someone Needs To Ask Themselves Before Starting A Business Is. "Is It The Right Business For Me?" Am I Going To Make It And Make Money On It? If It Is Not The Right Business Then Do Not Do It. Be Passionate With What You Decide To Do.
Thanks to: Sheila A Caruso of AVON.
108. Are You Ready For This?
Before you open a business the one question is "Are you ready for this?" Success takes dedication, time, patience and most of all awareness. You need to go into any venture with eyes wide open to understand all of the nuances and needs. If you can answer "YES" honestly - then go for it.
Thanks to: Shari Lynn Rothstein of SLK Creative.
109. Is This Your Future?
Do you have a mentor who can help you succeed?
Thanks to: Carol Coots of Medical Consulting From A to Z, LLC.
110. Do you love it enough?
Starting a business - and sticking with it - takes a huge amount of passion. Passion for the products or services your business offers... for serving your future customers... and for doing an excellent job all along the way. You have to ask yourself: Do I love my product (or service) enough to 'live' this business for the long term? Do I love it enough to stay passionate through the ups and downs? And most importantly: Do I love it enough to stick with it for as long as it takes to make money?
Thanks to: David Sears of YouFloral.com.
111. Time Waits For No One
One of the biggest questions budding entrepreneurs must ask themselves is if they have the time. First, do you have the time necessary to put into starting and growing a business? Entrepreneurs invest countless hours; make sure you’re ready for that. Secondly, do you have time to wait? You have the business idea, you have the plan, so is there really any better time than now to put your plan into motion? The sooner you start the business the sooner it can become fabulously successful!
Thanks to: Dawn Berryman of Market Mommy.
112. Sacrifice: Not Just For Saints
The most important question to be explored--with yourself and with those who will be affected by your decision to become an entrepreneur--is this: "How much am I willing to sacrifice?" Talk to established entrepreneurs and get a realistic assessment of the demands of entrepreneurship. Demands on your energy, your time, your money. Demands on your health and psychic well-being. Being self-employed is not for the faint of heart. But it IS for those who cherish exploration-of-potential.
Thanks to: Marlene Caroselli of Center for Professional Development.
113. Step Into Life
Generally, people ask similar basic questions when deciding to start a business. The ? I posed to myself was, Are you passionate about it? You can have drive, motivation & ambition & you may be willing to take action, but are you ready? Being disciplined & responsible is helps, but just wanting out of corporate America isn't enough of a reason. Don't pick just any business, make it your passion, live your dream, something that's beneficial to others, but most of all, that makes you happy.
Thanks to: Janette Buckhaulter of Success Transcripts.
114. DO WHAT YOU LOVE TO DO
Identify your unique creative expression and combine your true passions in life with your career. Are you starting a business that truly represents what you feel you are here to do in this world? In doing so, you will have the motivation to succeed because you are doing what you truly love to do.
Thanks to: Jeffrey Gitterman of Beyond Success Consulting.
115. Are You Obsessed?
You have to be able to say that you are completely obsessed about your product or service in a way that may need medical intervention. You have to eat, sleep, and breathe your product for the life of your business.
If you do not feel that way about it, or you could take it or leave it, then you should not start the business in the first place, because that attitude will show through to your customers as well.
If you do not feel that way about it, or you could take it or leave it, then you should not start the business in the first place, because that attitude will show through to your customers as well.
Thanks to: Joshua Black of The Underdog Millionaire.
116. Are You in It To Win It?
A relationship, a diet, a bathroom renovation- nothing works, nothing is successful without commitment. The most important question to ask yourself when you start a business is; are you committed? Nothing else is as essential. If you do not have the skills, the money, the contacts it does not mattered. All of those hurdles can be overcome when you have an unwavering commitment. When you are willing to do whatever it takes to get your goal of a thriving business. Today is a good day to recommit.
Thanks to: Caterina Rando of PowerDynamics Publishing.
117. Time to Launch a New Venture?
Before starting a business an important question to ask is "Will I have enough time to make this profitable?" You can find many opportunities for business that require low financial investment to start but money is not the only cost to count. The time you have available is also important. A good decision includes one where you can leverage time to adequately market and manage the business for profits.
Thanks to: BENITA TYLER of TBS USA Accounting and Tax Advisors.
118. How committed are you?
You're in for quite a ride when you start your business. It's a purging stage full of ups, downs and surprises. As you move forward, all your inner and mental "junk" comes up in order to let it go and keep moving forward. Develop a detailed vision of what you want your business (and life) to be like BEFORE you start. Assess your commitment level, what it's going to take to make your vision reality and honestly think about what current beliefs/patterns will get in your way and challenge them.
Thanks to: Osmara Vindel of Osmara Vindel Int'l.
119. CAN YOU BE COUNTED ON?
You must ask yourself if you can count on yourself? Are you ready to take this on in your life, is this the best timing to make it happen, are you able to make it your priority? If you have a spouse and/or children, do you have good support to pitch in when your nights get long and your patience is wearing thin? If not, make some realistic back-up plans -- you will need them!
Thanks to: Sharon Gilchrest O'Neill, Ed.S., LMFT of MarriageTherapy/BusinessConsulting .
120. Are You A Thirsty Pony?
We've all heard the adage, "You can lead a horse to water, but you can't make him drink." The point is that there are some people who will always choose to be thirsty ponies.
As a business owner, you have to remain open to new connections and ideas to stay relevant. You have to depend on your employees, connections and industry sources to constantly leverage emerging trends, technologies and opportunities. However, if you are close-minded, your likelihood of failing greatly increases.
As a business owner, you have to remain open to new connections and ideas to stay relevant. You have to depend on your employees, connections and industry sources to constantly leverage emerging trends, technologies and opportunities. However, if you are close-minded, your likelihood of failing greatly increases.
Thanks to: Crystal Washington of CWM Enterprises .
121. Who Wants It?
There is a number of questions that one should ask before going into business, including "Do I have what it takes?": self-discipline, stick-to-it-ness, willingness to learn and grow [marketing techniques, customer service, etc]...
But the most important question is: Is there a market for my product or services? Unerstanding your target market and their willingness to part with their money to get your product or service is what will make or break your business.
But the most important question is: Is there a market for my product or services? Unerstanding your target market and their willingness to part with their money to get your product or service is what will make or break your business.
Thanks to: E.G. Sebastian of E.G. Performance Solutions.
122. How many mistakes can I afford
What is my 'lifeline' of cash? Either on hand, or coming in from potential new business. When my expenses and payroll hit, what are my available resources? But I guess that goes along with your "three sheets". Assuming you've covered expense issues, I guess my biggest question would be, "Is there a market for the product or service I offer? And can I do it better than others who are currently doing it?"
Thanks to: Bob McIntyre of Just Another Day at the Office.
123. Be In The kNOw.
Anyone considering starting a business needs to be prepared to hear NO alot! The question is: are you ready to hear it and if you do, how will you handle it? On the surface it may be easier to accept hearing no, but what do you do with the rejection in your mind and your business? There is no time to feel the rejection, the best way to handle it is to learn from it and find out WHY people say no. You'll make smarter decisions based on their feedback. Don't just know, be in the kNOw.
Thanks to: Lara Merriam-Smith of Bra Barrette.
124. Honest Gut Check
I routinely work with established and emerging businesses to lay the legal foundation for their success, especially in the area of Internet and e-commerce operations. I love my clients and their unbridled enthusiasm. But to keep things in perspective, I always ask them to consider: What is the upside if your business plans turn out well? What is the downside, if they go extremely bad - I mean really bad? Can you truly, honestly live with both? Ok, its three questions and not one - sue me!
Thanks to: Jason Shinn of E-Business Counsel, PLC.
125. Hold onto your hats!
The most important question to ask before entering the ranks of entrepreneurs is "Do you absolutely LOVE what you're doing?" If it doesn't fill you with passion, make your day fly and fill you with enthusiasm, then don't do it. Starting your own business takes lots of hard work and the first year can be very difficult. If you aren't absolutely in love with your business, it can wear you down. If you do love your work, then go for it, hang in there and you will be rewarded with many years of joy.
Thanks to: Kathi Casey of The Healthy Boomer Body Center.
126. The Emergency Exit Seat
Are you prepared for the responsibilities of sitting in the emergency exit row of the airplane? Sure, the extra leg room is a perk, but there are responsibilities that come with the seat that suck! Similarly, many people are lured into entrepreneurship because being your own boss, making bank, and setting your own hours is sexy. But the truth is, most business owners end up working insane hours, for little if any money, and carry the weight of the company on their shoulders. Can you hack it?
Thanks to: Debra Brown of MobilizeUs.
127. How badly do you want it?
Your first question is: Are you going to give your business EVERYTHING you have until it is a success? You have to want make it work with every fiber of your being or it will not happen. Are you willing to spend some days working all hours of the night? Are you willing to make large uncomfortable steps that yield huge reward? Willing to do things you may not really want to do? (Cold calls) The more you hit on something you really want, the easier it will be to get it. Now GO GET IT!
Thanks to: Shelley Horton of Beautiful Visions.
128. Will You Do It?
Are you willing to sell? Because if you don't, who will? Most of my clients start their own businesses because they love law, creating financial plans, medicine, etc. But they never think about selling! We all want to be our own boss and have our own business. But the only way to make it viable is to have someone buy your product/service. Which means you have to sell! If you don't want to do that, and can't afford someone to do it for you, then do NOT start a business!
Thanks to: Elene Cafasso of Enerpace, Inc. Executive Coaching.
129. Fantasy vs. Reality
The one thing I think it's important to ask yourself is, "How much do you want it?"
The reality of owning a business is much different than the fantasy. Creating a successful business isn't as easy as the work-at-home, MLM people would have you believe.
The reality of owning a business is much different than the fantasy. Creating a successful business isn't as easy as the work-at-home, MLM people would have you believe.
Thanks to: David Hooper of Private Victory [dot] com.
130. DO YOU HAVE THE "BIG 3"?
Starting your business requires passion, commitment and a strong support system for the good and the bad times...if you don't have these 3 thrings, you only have a hobby. If you feel that if you DIDN'T start your own business and offer your product/service to the masses, that you'd die...then you should start your own business. If it doesn't matter either way, or it's a fleeting thought of "hey, that might be fun"...then you shouldn't.
Thanks to: DeAnna Radaj of Bante Design LLC.
131. Be Passionate!
It's all about the passion for both the product and services you will be offering and the willingness to put your heart and soul into the endeavor. Becoming an entrenpreneur requires a great deal of sacrifice, long hours and commitment. And it's the passion for the work produced that keeps the momentum going. In addition, if you can communicate that passion to your clients, they will easily see that you're willing to go the extra mile on their behalf.
Thanks to: Greg Jenkins of Bravo Productions.
132. Do You Like Rollercoasters?
Starting a business is not unlike boarding The Colossus Rollercoaster -- the road ahead will be filled with ups and downs, but it will definitely be an adventure! Before starting, ask yourself: "Can I handle the ups and downs?" Can I live without a weekly paycheck? Can I deal with rejection? Am I flexible? Adaptable? Resourceful? Good at problem solving? Able to regroup if something doesn't work? Do I have a good sense of humor? Bottom line: Know thyself! Is this really for you?
Thanks to: Ann Guinn of G&P Associates.
133. Will you work without a net?
The first questions you must ask, even before financials, is: What kind of support are you going to have from your nearest and dearest? It's not impossible to launch a business without the full support of your family and friends, but it's tough. Your family may have to make a lot of sacrifices in order for you to get started. You need to know if this is going to happen with warm supportive smiles or resentful tears.
Thanks to: Karen Southall Watts of Karen Southall Watts.
134. Are you good with money?
Going into business for yourself can be both a dream come true and a nightmare. The biggest question I believe you need to ask yourself is can you handle the financial stress of earning enough money with your business to cover all your expenses - both business and personal. The most stressful part of owning a business is managing money and making sure you make more of it than you spend. If you are not responsible with money management, going into business may be a big mistake.
Thanks to: Peter Geisheker of The Geisheker Group Marketing Firm.
135. Should I or Shouldn't I?
The most important question to ask yourself and that requires the most honest answer is "What do I have to offer that someone would want to buy"? Once you answer that, you can do the necessary analysis to see if you can develop and maintain a profitable business as well as express your passion!
Thanks to: Judy Knight of Thumbprint Coaching, Inc..
136. Can You Be Honest?
Beyond the usuals...I would recommend drilling back down to the most fundamental of fundamentals...and asking yourself if you can, throughout the next phase you might undertake, be brutally honest with yourself about everything. Intense realism and brutal honesty with yourself and those you will work and collaborate with are going to be foundational to the solid decisions you must make. Without authentic truths to guide you, you will surely find yourself lost amid the muck.
Thanks to: Claudine Hanani of The Hanani Group.
137. Simplify Everything
1. What is the worst outcome that can happen if I start a business? 2. Can I live with / recover from that? If the answer is NO then you can't move forward. If the answer is YES get going today.
Thanks to: Jim Plouffe of Lighthouse Point.
138. What's The Use?
Before jumping into a business, it is crucial to ask oneself if the idea is useful to the marketplace. Prior to founding Mr. Small Claims Court, I spent months working on a business only to realize shortly after starting it that it was completely unnecessary to the consumer! I know it sounds obvious, but you would be amazed how often this is overlooked. So, my advice to entrepreneurs is, make sure your business is contributing something to the market, and ask yourself “What’s the use?”!
Thanks to: Jordan Farkas of Mr. Small Claims Court.
139. It's Your Life!
You have to have a vision for the lifestyle you want to live before you create your business. What kind of day is perfect for you? Example: It wouldn't do you any good to start a spa business if you really didn't want handle all the details that comes with a brick and mortar biz. Many who think they want to own a spa really are interested in visiting spas -maybe doing reviews of spas would be a better biz model. Design your business to fit your desired lifestyle!
Thanks to: Ann Ronan of Authentic Life Institute.
140. Are You in It To Win It?
A relationship, a diet, a bathroom renovation- nothing works, nothing is successful without commitment. The most important question to ask yourself when you start a business is; are you committed? Nothing else is as essential. If you do not have the skills, the money, the contacts it does not mattered. All of those hurdles can be overcome when you have an unwavering commitment. When you are willing to do whatever it takes to get your goal of a thriving business. Today is a good day to recommit.
Thanks to: Caterina Rando of PowerDynamics Publishing.
141. Deal With the Un-Fun Part
We dream of starting businesses because we love doing or selling something that we think is of value to others. That is the easy part of the decision. Know who the 'others' are - define them. Ask yourself how you are going to deal with the un-fun parts of having your own business - the accounting, the marketing, the technology, and the leadership (planning a direction and seeing it executed). Know the who, how , when of these parts of owning a business before you start.
Thanks to: Susan Lannis of Organization Plus! Inc..
142. Worst Case
The biggest question you need to ask yourself before going into business is, "What is the worst thing that could happen if this doesn't work out for me?". If you can answer that question honestly, and accept the answer that you come up with, starting a business is worth a shot.
Thanks to: Jeffrey Cumro of Better Life Chiropractic & Wellness.
143. Belief In Your Dream Business
One must believe in ones ability to start, grow, and maintain a business. When the dream killers come around, will you let the negativity slow you down? Reach for your goals you have set in your business, and believe that you will reach them.
Thanks to: Tracy Wright of Executees, Inc..
144. The $64,000 Answer
The critical question for aspiring entrepreneurs is obvious, but the answer isn't. In fact, the wrong answer will most likely lead to failure. The question must be, "Why am I starting this business?" Entrepreneurs always have a talent or skill that they perceive to be better than the competition's. So their answer is "I want to be the best (chef, creative director, software designer, strategic planner, etc.)" The answer from successful entrepreneurs is "I am going into business to make money."
Thanks to: Michael Sisti of Sisti & Others, Inc..
Compiled by Mike Michalowicz, Author of The Toilet Paper Entrepreneur
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