The prospect of starting your own business is both exciting and daunting. One of the first concerns is whether you have got what it takes as not everyone is cut out to be in business themselves.
There is no one ‘type’ of person that starts their own business. In fact it is the individual’s skills, passion, ambition and unique business idea that set them apart from others.
Many people often decide to start their own business to create flexibility and provide more freedom of choice. This is certainly the case when it comes to strategizing and making decisions, however, a start-up business often requires a significant time investment also. This time and capital investment is a huge commitment and needs to fit with an individual’s lifestyle and personal goals also.
Some questions you should first ask yourself:
1. Are you a self-starter?
2. Can you lead others?
3. How good are you at organising?
4. Can you make decisions?
5. How often do you stick with things?