Why do I want to start a business? What are the three primary factors influencing this decision?
Specifically what kind of business do I want to start?
Am I interested in selling products or services?
What are my key personal strengths--what am I better at than anyone else?
What could I see myself actually enjoying doing every day and can I form a business around it?
Am I a better leader or do I need a partner who I can rely on to help blaze a path for me?
Am I ready to devote the necessary time, resources and capital to be successful in business?
Am I in a good place physically, mentally and emotionally to dedicate a lot of time and energy into starting a new business?
Do I have personal and financial support of family and friends to accomplish my goals?
How will I balance family and business?
Do I possess the necessary skills and abilities to start and control the day-to-day operations of a business?
Do I have up-to-date working knowledge of technology necessary for efficient operation in order to keep pace in the business world? If not, where would I get it?
Am I open to meeting new people and listening to a variety of new ideas?
Is my past education and experience relevant to the industry I'm looking at? Is my education and/or certifications sufficient to do what I want to do?
What sacrifices and risks am I willing to take to be successful?
What are my financial goals, both personally and for the business?
Have I made proper provisions for income and insurance (health and life) while waiting to achieve business success?
Why do I believe I can make this business work?
Is my business concept unique? Do I have an advantage to beat out similar competing businesses? How?
Why do I believe this type of business is sustainable?
Daffodil International University (DIU)