According to these same statistics, many business survive each year, but as someone on the verge of this life-changing decision, fear of failure is still a real thing. How can you make sure that you are among the winners rather than the losers in this high-stake game? The answer is inside of you. You must ask yourself four key questions to determine whether your own small business will survive and thrive.
Do You FEEL Ready?
I know, I know, what kind of a monster am I starting with the hardest question first, but there’s good reason; IT’S DAMNED IMPORTANT.
What I mean is, are you mentally prepared for the switch from employee to boss? Do you feel capable of making decisions now about everything from office products to product line? This total control is one of the driving forces behind many people who take the plunge into starting their own business but it is also one of the elements that drives new entrepreneurs crazy.
When you start out there is an endless list of decisions that need to be made and new questions pop