25 Great Questions For Entrepreneurs
Some more great entrepreneurial advice from David Garland, of The Rise To The Top show here in St. Louis. These are questions you need to be asking yourself as you contemplate or begin your own business, some good stuff here.
1. Can I remove myself from this business or will I always be a part of it?
2. Can I work “non normal hours” including nights and weekends if necessary?
3. Do I have 6 months extra cash reserves?
4. Do I have a list of trusted professionals (lawyer, accountant, etc.) or do I need a referral?
5. Can I take criticism?
6. Who are my mentors and go-to people when I need help?
7. How will my business make money and what are the alternative revenue streams? (*Seems obvious of course but many have made this mistake, have you?)
8. Do I work better alone or in groups?
9. What things do I LOVE to do on a daily basis?
10. What things do I HATE to do on a daily basis?
11. Who is doing the books and keeping finance in order?
12. How far in advance am I planning? 6 hours? 6 days? 6 years?
13. How much time will my business require of ME?
14. Do I plan on on selling your business?
15. What is your web strategy?
16. Am I also marketing my business, product or service or soliciting help?
17. Do I have a plan for hiring your first employee?
18. How am I going to generate buzz for your business?
19. Where is the start up capital coming from?
20. Will I be investing my own money?
21. Am I prepared to deal with the emotional toll of the ups and downs of businesses?
22. Where am I getting answers to my entrepreneurial questions?
23. Who are my favorite entrepreneurs and why were they successful?
24. Why is my business unique?
25. WHY am I starting my own business?
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