Many people who have held job for their life dream of owning a small business – either out of frustration with their current job or because they have lost their job and can’t find one in this difficult economy. They think that just because they have a strong desire to be a small business owner they will succeed. While having a strong desire is a good start; it takes more than that to be a successful business owner. Our experience has shown that the success in small business is dependent on a combination of factors including heredity, upbringing, determination, working style and external support.
People make mistake of not thinking hard and asking tough questions to themselves before jumping in the business. Only after they have spent their hard earned money in starting a business do they encounter the realities of owning a business and regret getting in and try to get out after incurring loss.
What questions can you ask yourself to determine if you have what it takes to be a small business owner?
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