Do you consider yourself decisive? Small-business owners have to make decisions regularly -- usually independently and sometimes under tremendous pressure. You have to have faith and confidence in yourself, but you also have to have the wisdom to know when to seek advice.
You'll want to use facts and feelings when making decisions. Gather as many facts as possible to determine if your decision is a smart one; then use your feelings to gauge your comfort level in making that decision. Too few facts and high feelings of uncertainty probably mean it's wise stay away of certain changes. But a bit of hesitation can be a good thing -- it causes an adrenaline rush that can motivate you to succeed.
How is your health? Running a company can be exciting, but it's certainly a lot of work. It won't be a nine-to-five gig. You'll often be working six and seven days a week for 12- and 14-hour stretches. The physical and emotional toll can wear you out if you're not accustomed to the stress and sleepless nights.
How will the business affect your family? Starting a business, especially the first few years, can be trying on family life. Financial difficulties could arise until the business becomes profitable, and this could take months or years. In some instances you may have to get used to a lower standard of living in the short-term. Family members must understand what to expect, and you need to be able to have faith that they will support you during hard times.
Since there's a lot to think about before taking the plunge, it's wise to take advantage of some of the exceptional resources available to assist budding entrepreneurs fulfill their dreams. Most of them are free, which is an added bonus.
Visit sba.gov and score.org to learn about their programs in your community, which can help take you from idea to reality with the coaching and guidance of pros who have been there and done it.
To connect with Tory Johnson, visit www.womenforhire.com.