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Is
this the kind of work I really enjoy?
Look to your current interests. Many successful small businesses grow out of
hobbies because a hobby is chosen for all the right reasons - you enjoy the task, the
challenge, and the time spent. |
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Do
I have the required technical expertise?
Don't get involved in a business if you know little or nothing about it. When you have the
necessary technical expertise, you can ask the right questions, make good business
decisions and assess other "expert" opinions. |
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Can
I make enough money in this business?
First, your financial goals should be realistic. Then look around at similar businesses to
see how they are doing. Talk to the owners. Most will give you enough information for you
to decide if it's right for you financially. This will help you to pick a business that
can satisfy your financial goals. |
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Can
I get the help I will need?
If your business is not going to be a one-person operation, you need to find out if the
right kind of help is available in your immediate area. Are there similar businesses in
the area? Also check with local employment agencies. |
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Do
I understand the market?
Will you be able to find customers? Do you have the knowledge required to set prices
appropriately? Will you be able to direct a marketing program? (You might not do this
yourself, but you may have to manage the effort). |