I have often been asked by individuals who want to start their own business how they can determine if they are cut out for the task. While there is not really one answer that will fit everyone, the basic requirements will usually be the same.

Below I have listed some questions that you can ask yourself that will help you determine if this is a move that will be right for you. Understanding your motivation will help you see past the romantic notions of being self employed.

The questions below really do not have any correct answers as the answers will be different for each individual. Just be sure to critically evaluate your answers and use them as a guideline to help you determine your readiness. This information will play a crucial role in helping you to determine if you are capable of starting and operating a business and if the business you have chosen suites your abilities and needs.

1. Why do you start your own business?

2. Do you have a business in mind that you would like to start?

3. Do you have a passion for the business you would like to start?

4. If so, why have you chosen this business?

5. Does your current job or career leave you feeling unfilled?

6. Does your desire to start your own business fulfill this need?

7. Do you have the skills that will be necessary to make this business venture successful?

8. By starting your own business, do you feel that your skills will be put to better use?

9. If necessary are you prepared to get additional training in order to operate your business?

10. Are you prepared for the physical & emotional demands that starting a business will put on you?

11. Are you prepared to put in long hours in order to make your business successful?

12. Do you work well under pressure and have the ability to take projects through to completion?

13. Are you good at planning, organizing and making decisions?

14. Do you have the support of your family and friends?

15. How will you support yourself while trying to get your business launched?

I realize that some of these questions may be tough but they are essential questions any budding entrepreneur must ask his or herself. You want to be certain that you are not lacking in any skills that can make you a liabilty to your business.

It’s important that you are honest and open with yourself when it comes to answering these questions. Use the information to help you follow through on your strengths and take action to improve on your weaknesses. Doing so will prepare you to move forward into the market analysis and start-up planning phases of your business. All of this preparation will greatly increase the likelihood of you being successful in what ever endeavor you choose!

To Your Success!

Pam Lawhorne

Pam Lawhorne is a business strategist and marketing consultant with over a decade of experience in small business development, sales, marketing and management.

She empowers individuals with the skills that are necessary to successfully launch, expand or increase sales for their business.

For more information on starting your own business please order her new book “From Minimum Wage To Getting Paid - How To Become A Successful Entrepreneur With No Money, No Education Or No Experience!”

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