Many people dream of having their own business. To see if starting a business is right for you, ask yourself these important 20 questions. Your answers will help you determine if you are ready to become a small business owner or where you need to spend more time in planning.
20 Questions Before Starting a Business
20 Questions Before Starting a Business. First, is Entrepreneurship For You? What characteristics do you need as an entrepreneur? What does it take?
Specifically what kind of business do I want to start? Am I interested in selling products or services? What are my key personal strengths–what am I better at than anyone else? What could I see myself enjoying doing every day and can I form a business around it?
Each time I had to write a plan I dreaded the experience because the process was so time-consuming, boring, and complex. As an Accountant of business planning, it has been my goal for over nine years to create a simpler, easy to understand, and fun way to create a business plan.
From my experiences of writing plans and presenting them over 300 times to investors looking for money, I learned two things: 1) Plans do not get read because they are usually too long, too boring, too complex, and do not tell the real “story” behind the business. 2) People don’t give loans or invest in businesses from Business Plans; they make buying decisions from the Question and Answer period before, during after an investor presentation.
So if the “buy-in” to a new business happens during the question and answer period, why not make the business plan simply the answers to the questions? This is exactly what the 20 Questions Before Starting a Business Business Plan is! The Business Plan is the 20 Questions Before Starting a Business.