QUESTIONS TO ASK YOURSELF BEFORE STARTING A
BUSINESS 1. What do I have the resources, ability, interest, and contacts to
do? 2. Do I have the necessary commitment needed to succeed in a business
undertaking? 3. Am I prepared to work extremely hard, to devote long hours of
labour to my business? 4. Do I have the mental stamina and concentration to
meet the demands my project will impose on me? 5. Do I accept new ideas easily?
6. Do I treat people with courtesy? Do I have good human relations skills? 7.
Am I able to make decisions right away? How do I deal with problem solving: Am
I prepared to spend time analyzing a problem and find a solution? Or am I the
type who just closes his eyes and hope for the best? 8. Am I ready to commit to
the long term, knowing that a company’s success is never an overnight miracle?
9. What back-up resources do I have? Will my family members or friends invest
in my company or tide me over during a rough patch? 10. Am I good at
concentrating on details? 11. Am I ready to sit down and write a careful
analysis of my business prospects? 12. Am I by nature an optimist? Knowing that
mistakes and setbacks are bound to occur, am I able to learn from my mistakes
without being derailed or discouraged?
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