It’s very easy to start your own business, now more than ever! That’s great for many, but most people just plunge in without any thought and preparation.
I am here to tell you that you do not have to struggle unnecessarily. Most businesses close their doors within 1 to 3 years and do not even reach their 5 year mark, yet I am convinced that no business should fail
The solution? Planning.
Starting a business takes a lot of preparation, and you have to do your homework. So many entrepreneurs have great ideas, yet what they need is an actionable plan for getting to the next level. Ask yourself one question!
Why do I want to start a business?
It makes sense; money and success certainly know how to inspire. But hype isn’t a reason to start a business. Any entrepreneur, investor, or even editor will tell you the best businesses solve a problem.
Be honest with yourself and with your team. Why do you want to start a business? Is it because you want to make a lot of money, or do you see a real need that you have the skills (or the determination) to address?
What’s stopping you?
In the next article, we will consider more questions…