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The holiday season seems to offer the perfect time to dream, especially for the perenially optimistic, hopeful entrepreneur. Whether due to a job layoff, or the desire to fulfill a lifelong dream, alot of us are seriously considering the possibility of starting a new business in 2010.
But given the challenges of developing a successful new business in today’s economic climate, before taking the leap, to smooth the business-launching process, it’s important to be able to answer the following 7 key questions. How many can you answer?
Can I afford to start a new business?
Do I have a business plan?
Do I have the skills to sell my idea effectively?
Am I a risk-taker, able to handle rejection?
Am I prepared to work long hours (not just 9 to 5)?
Do I have a business mentor or coach to offer guidance?
What’s my “Plan B,” in case things don’t go according to plan?
For more information on preparing to launch a business, be sure to check out my interview on the Let’s Talk Live show in the DC region, airing on News Channel 8 between 12 noon and 1:00 p.m. today. (On the web: letstalklive@news8.net)
Want to add your own pre-launch stories to the Money Matters and More blog? Email us at moneymattersandmore@yahoo.com, or contact us at Facebook (moneymattersandmore) or Twitter (moneyandmore)
Have a great week!
Responses to “Power of “Know”: 7 Questions New Entrepreneurs Must Ask Now”
December 16th, 2009 at 4:55 am
Thanks, Nathan. And by the way, if you could use some help in planning your launch, be sure to check out SCORE (score.com). The non-profit group offers one-on-one mentoring, and free counseling to new and established entrepreneurs.
Thanks for writing, and the best of luck with planning and establishing your new business!
Heather
December 15th, 2009 at 4:22 pm
I’m was thinking to lunch a new business and thought i was ready but after listening to you, i feel like i need more time in order to start. More skills and knowledge. Thanks very much. You’re really a gifted advisor.