Is a Start-up Business for You?
Questions to Ask Before Launch

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Planning a start-up business? There are many questions you need to consider before you take the plunge. You have to decide if the entrepreneurial life is right for you and if you are willing to take your free-form business idea, polish it, and turn it into a diamond.

• What does your personal credit report and credit score look like right now?

• Why do you want to start a business of your own? Are you a self-starter? Can you motivate yourself and work on your own?

• Are you willing to start a small business and be a jack of all trades in your new business, at least at first?

• Do you need to make a few repairs on your credit report and credit score?

• What is the best start-up business for you?

• Do you know the steps to take on how to launch a start a business?

• What are the benefits and drawbacks of starting a business for you? Do the benefits outweigh the drawbacks?

• Would you be better off undertaking a business part time and working into it full time?

• If you start this business part time while working for someone else, are there any legal issues that could hurt you down the road? Did you sign a non-compete agreement?

• Do you have a knowledgeable person to speak with about your business idea? Is there anyone to speak with on an ongoing basis, perhaps a relative or friend in their own small business?

• Do you have the basic skills do you need to run a small business or a home based business?

• What small business or small home based business should you choose? How long will it take to start up your business? What if it takes longer? Can you survive financially?

• Do you know the benefits of buying a franchised business to start?

  

• Should you buy an existing small business?

• What is the marketing potential for your business idea? If you do not know, how can you find out before taking the plunge?

• What do you need to be a successful entrepreneur?

• Are you adept at technology and business software or is all of that foreign to you?

• What are your biggest hurdles to starting a small business? Can you overcome them?

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