Today almost every one of us is dreaming to become an entrepreneur. But if you look at statistics not every one who dreams becomes an entrepreneur. There are questions ringing in all our minds, can I stand on my own and run a business? Before you start your entrepreneurial journey you need to ask yourself few questions and if you get yes for these questions then you are ready to start your journey on the Road less traveled.
1. Do you have a clear vision on what you want to start? Even if you do not have clear vision at the beginning you need to have a clear answer for “What you want to do? How you want to do?”
2. Do you have clear understanding about the market that you are entering and how you are going to distinguish your self from the competition?
3. Do you have very good business networking contacts to grow your business?
4. Are you risk taker?
5. Are you hard worker, passionate, motivated to achieve and ready to put long working hours to get your business established well?
6. Do you have enough finance to startup your business?
7. Do you have enough financial backup to manage your day-to-day expenses at least for one year? i.e. can you survive for at least one year if your business does not generate any revenue?
8. Does your family support your decision on being entrepreneur?
9. Are you in good health?
If you have answered, “Yes” to most of these questions then you can go ahead and start your business venture.
Good Luck on your new Venture.
Kumaran Narayanaswamy is Founder of kCube Consultancy Services Private Limited. Kumaran Publishes articles about Entrepreneurship and all the articles are based on his real time experiences in his Entrepreneurial Journey. Kumaran Blogs at Wings of Freedom - Xpress.
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