Founder. President. Owner. CEO. Sole proprietor. These titles may appeal to anyone with an entrepreneurial spirit eager to start a new business. And whether you hold a high school diploma or a doctorate in business, the prospect of business ownership is exciting. You may be familiar with some of these business successes—but they, too, started with small, with the right idea and the right attitude*:
When you look at the stories behind these and other entrepreneurial successes, a number of important questions undoubtedly played a role—and these are some you should consider before starting a business.
New businesses often succeed or fail based on how well thought-out they are. That’s why evaluating, researching, and developing your business using these topics as a guide is crucial. Strong planning up front will position you for greater success in the long run.
*Fred DeLuca and John P. Hayes. Start Small Finish Big. (New York: Warner Books, Inc., 2000)