Five Questions You May Have Before Starting Your Own Business
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Transcript of Five Questions You May Have Before Starting Your Own Business
![Page 1: Five Questions You May Have Before Starting Your Own Business](https://reader035.fdocuments.in/reader035/viewer/2022062522/589c80bf1a28abc2258b62bd/html5/thumbnails/1.jpg)
Five QuestionsYou May HaveBefore Starting Your Own Business
![Page 2: Five Questions You May Have Before Starting Your Own Business](https://reader035.fdocuments.in/reader035/viewer/2022062522/589c80bf1a28abc2258b62bd/html5/thumbnails/2.jpg)
Do I Have Enough Money?• Many startups begin with a bootstrap budget. • You don’t need to have investors lined up to start. • You can seek more money as you grow.
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Do I Need to Quit My Job?• Eventually, if your venture becomes
successful, but many businesses started out as hobbies on the side.
• Concentrate on having a business plan that allows you to eventually quit your regular job instead if stability is a concern.
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Do I Need a Business Degree?• It’s not a requirement, but a business
degree can help you learn the basics of entrepreneurship, management strategies, accounting, and more.
• There are online business degrees available for those who need more flexibility.
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Do I Need to Hire People?• This will depend on the size of
your business and your immediate goals.
• If you cannot afford to hire anyone but need help, you may be able to hire interns to fill an immediate need.
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Will I Be a Good Entrepreneur? • Do you have a passion about your
product or service and believe there is a market for it?
• Are you willing to work hard and make the necessary sacrifices?
• Are you organized and have a business plan in place?
• If you answered yes to all of these questions, you may have it in you to be an entrepreneur.