Carefully consider each of the following questions. It will be up to you to develop projects, organize your time and follow through on details. Business owners need to develop working relationships with a variety of people including customers, vendors, staff, bankers and professionals such as lawyers, accountants or consultants. Research indicates that many business failures could have been avoided through better planning. Running a business can wear you down.
Some business owners feel burned out by having to carry all the responsibility on their shoulders.
Strong motivation to make the business succeed will help you survive slowdowns as well as periods of burnout. The first few years of business start-up can be hard on family life. The strain of an unsupportive spouse may be hard to balance against the demands of starting a business. There also may be financial difficulties until the business becomes profitable which could take months or even years. You may have to adjust to a lower standard of living or put family assets at risk.