The 6 questions to ask yourself before starting a business
- GUIDE: HOW TO START A WORK AT HOME
- The 6 questions to ask yourself before starting a business
- 1 — Why do I want to set up my business?
- 2 — Do I have the profile to be an entrepreneur?
- 3 — Do I have the necessary skills?
- 4 — Do I have the financial means to embark on this adventure?
- 5 — Do I manage to project myself over several years by doing the same thing?
- 6 — What does my project have more than the others?
GUIDE: HOW TO START A WORK AT HOME
The 6 questions to ask yourself before starting a business
You are tired of not being free to choose your working hours, of having the feeling of not being able to do what you want, of not having visibility on a possible salary increase.
You’ve had enough of your current job and are thinking about starting your own home-based business.
You see successful entrepreneurs around you and you say to yourself: “Why not me?”
You might be thinking to yourself: “If I were self-employed, I would be a hit. I have so many ideas to exploit … ”
You may also have had this dream for a long time, which is to make a living from your passion.
So you are about to start your business, or at least you are thinking very hard about it. And in these moments of intense reflection, it may be that euphoria takes precedence over reason. And then you might make the mistake of NOT asking yourself the right questions!
The good questions are obviously double-edged:
- Some will make you stop the project altogether because you will be afraid when you realize what awaits you (I don’t know an entrepreneur who has not underestimated the extent of the work and the obstacles to come). In this case, it is a sign that you are not ready yet and that at the first big difficulty, you might throw in the towel. You have probably just won several years of struggles!
- Some will make you modify your initial project, and this is a very good thing because you will make it evolve in a direction that will optimize its chances of success. Simple example: you are very keen to start selling T-shirts, and think you have the idea of the century about it (we have a full article on creating and selling T-shirts ). But you hadn’t seen your idea, another genius had it before. It’s okay, look at what he did, amend your project, and it will most certainly be even more successful and more relevant than the first! And in addition, you will be able to do business intelligence by analyzing what you and those around you find successful and less successful in your competitor’s project.
Here are series of questions you should ask yourself before embarking on the adventure of entrepreneurship.
1 — Why do I want to set up my business?
This is the first question you must ask yourself. Why do you want to create your business?
Is it because you have had enough of your current life? Maybe you’ve always dreamed of being self-employed? Is it because you’ve had an idea for a long time and want to finally make it happen? Is it to earn more money?
Depending on your answer, your business model will be totally different.
For example: If you want to set up your business to work at something you’re passionate about, you won’t have the same goals as someone setting up a business to make a lot of money.
Before starting your business, you need to determine your vision for your future life. What exactly do you want your freelance work to bring to you?
2 — Do I have the profile to be an entrepreneur?
Are you naturally interested in the business world?
For example: Do you have any entrepreneur friends? If so, are you interested in their experience, what they experience as such?
Do you know how to be disciplined and do you know how to do violence to yourself to get what you want? Where do you need to be pushed by someone else to get things done?
For example, will you be able to set yourself a schedule and a pace of work if no one is there to oblige you?
Are you passionate about what you set out to achieve?
To illustrate this question, here is an example. Do you want to open a restaurant, because it is a dream that you have always wanted to realize, or do you want to start organic because you have the feeling that there is the possibility of making money?
3 — Do I have the necessary skills?
Obviously, you have to know certain things if you want to be self-employed. For example: understand simple accounting and tax rules, so as not to confuse, for example, turnover and profit.
You don’t have to be an expert in every area, but since a knowledgeable man is worth 10, we recommend that you constantly educate yourself in the following areas:
- Administrative management (Tax regime, VAT, Cash management, new laws …)
- Everything that is done in the theme of your activity (if you are starting a web agency, read all you can about web trends.)
- Customer acquisition and sales (The 6 questions to ask yourself before starting a business)
4 — Do I have the financial means to embark on this adventure?
To answer this question, we advise you to assess how much the launching of your business is going to cost you in money and in resources.
Here is a list of the steps to be quantified:
- Costs of creating the legal statutes of the company
- Accountant fees
- Purchase of material
- Shop or office rental
- Internet subscription, telephone
- Travelling expenses
…. And so on
5 — Do I manage to project myself over several years by doing the same thing?
Do you have a past where you stayed in one place for a long time? Or do you tend to get bored quickly of what you are going through or doing?
Going into the creation of a business will require you to do the same job over several years. If you are not fully motivated and committed to the cause of your business, you can quickly become discouraged and experience disillusionment.
It is better if you are convinced that starting your business is the most important thing to do if you want to be successful.
6 — What does my project have more than the others?
We come to the last question you need to ask yourself to find out if you are right for starting a business. This question is also the first step towards the success of your business. How is my project different?
You can not copy what is done elsewhere, but always telling yourself that you are going to do better. On top of that, be original. Bring your personality, your ideas, your values to your project, because this is what makes you unique and which will also make your future project unique.
Source of this article: https://www.travailler-a-domicile.fr/