There is the question that always pop up in my mind and I do think about it most times, is having a business a good thing to do, is it right for me and you? Having your own personal might have been the greatest opportunity ever but have you really consider some factors before taking that steps. Factors which include
Timing
One thing you need to ask yourself is this, will you always have the time after starting this business, even if you have a good business idea or you can work hard, will that give you the go ahead. Most of us have lot of personal things to take care of that always occupy our time especially family issues which we cant run away from, we don’t want to start a business and allow it to die off within month all because we couldn’t give it the proper attention we suppose to give it, if it will be very hard to concentrate on the business, just wait and don’t start it yet, wait till you have the time before starting it.
Finances
Funniest thing is that this is the aspect most do make the most mistake when it comes to starting a business and maintaining it. Not making the proper estimation to start a business and also estimation on how much you will need to maintain it can lead to the downfall of such business. You need to consider the fact that it takes month for a business to be profitable and even some will take years but how will you sustain yourself and the business pending the time it will be profitable. Are you capable financially?
The Market
One factor that will determine how successful your business will be is the market, you need to take your time and study the market, study if what you tend to sell exist in the market, will people be in need of it, which problem will your product solve. Through this you will be able to know how you can adjust before bringing in your product so as to get the best result you deserve.
Your Personality Matters
How good are you when it come to having a good leadership and communication skills, are you a good listener and at times problem solver. Without have a good communication skill or you are always shy when it come to promoting what you are doing, don’t start a business yet, try to take your time and work on how you are going to overcome all this during the time you are waiting.
There are lot of things but I can only mention few, take your time and check yourself, know where you are lacking and work on them, starting a business is like going on a long journey and you need to be very prepare for it.