Are You an Entreprenuer? (Part 2)

Earlier we looked at some of the personal characteristics required for going into business. Some of your answers were probably eye-opening, encouraging and even disappointing.  Trust me - that information will help you.  For instance, if you're not happy with your answers, think about how you can address these challenges.  Learning to overcome challenges is actually one of the exciting lessons of owning a business!

There are a number of personal conditions of vital importance to the success of your business, too.  In this next group of questions, we'll cover some of the physical, emotional and financial strains you may encounter. 

Personal Conditions

• Are you aware that running your own business may require working 12-16 hours a day, six days a week, and maybe even Sundays and holidays?
• Do you have the physical stamina to handle the workload and schedule?
• Do you have the emotional strength to withstand the strain?
• Are you prepared if needed to temporarily lower your standard of living until your business is firmly established?
• Is your family prepared to bear the strains?
• Are you prepared to lose your savings?

As a business owner, you will need to up to these personal challenges if your business is to be successful.  Do you have what it takes?