8 questions to ask yourself if starting a business is right for you!

22 July 2021

Young business man in a hard hat

Starting a business is a time when you can begin to put your hopes and dreams into action.

Success in business is highly individual. For some it is wealth and prestige, for others, it is fulfilling a personal desire or need and others may have entirely different and highly individual definitions.

However, there are some underpinning questions that can help you tell if starting a business is going to be a positive step in your life and whether you are ready to begin this journey:

  1. You know your WHY – understanding your “WHY” or purpose for embarking on the business journey, and what drives and motivates you will help you overcome challenges and hurdles in the future
  2. Do you have a strong sense of purpose? This will help drive you and keep you moving forward in your business
  3. Do you have a strong passion for your business and the industry you will be working in?
  4. Are you tenacious – never falter or give up no matter what the challenge?
  5. Are you resourceful – do you know how to get what you want, when you want it!
  6. Do you take risks? How do you weigh up decisions? When do you determine that the risk is too high?
  7. Are you highly motivated – are you driven to achieve your goals
  8. Do you have an amazing support network and brains trust to help you through the challenges? Do you have confidence in yourself and your abilities and the strength of your ideas?

If you answer yes to these questions, then maybe now is the time to take the leap. If you want help on your journey to starting your own business, contact our team for a free business consultation and mentoring program.

Lynne Wilbraham

Other posts you may be interested in:

Rules for applying for grant funding

Rules for applying for grant funding

Applying for grant funding? Increase your chances for success by following some basic rules: Check your eligibility. Have you noticed that some funding seems to be just made for your business and your needs? You are able to tick all the boxes and are confident that...

Back to business basics

Back to business basics

2022 has certainly thrown a few curve balls to our business community so far! In the face of challenges and impacts, it may be timely to get back to basics, refocus and review how your business is performing and identify areas where improvements can be made and...

Customers – Who are they and how to find them!

Customers – Who are they and how to find them!

Let’s face it – if you are in business or thinking about launching a business, you are going to need customers. Your product or service may be the most innovative or outstanding in its field, however, unless you understand your customers and provide something of value...