Saturday, May 07, 2011

Starting a Small Business - What you need to know

Do you have what it takes to start up a small business?

There are certain qualities that people that run their own business generally have in common, and those qualities can be used as a basic starting point in determining if someone has hat it takes to start a small business.

Are you a self starter and problem solver that can tackle a necessary task without being told what needs to be done?

Do you prefer to have someone else tell you what needs doing, or do you step forward and take charge when something needs to be done?

Are you confident in your abilities without being over confident? Do you know that you can tackle a specific task and quickly do a good job?

Are you willing to work longer and harder than you would need to if you worked for someone else? (We're talking no weekends here people - I'm writing this post on a Saturday afternoon when the sun is shining and my ATV is begging me to get out and hit the trails for the first time this summer.)

Can you prioritize your spending and separate money that can be spent from money that can not be spent? This is a BIG one.

I'm going to look more closely at each of these, and more qualities of small business owners, in greater detail, but this gives you an idea what qualities go into a potential small business owner.

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