Transcript

Should You Start Your Own Business

SHOULD YOU OPEN YOUR OWN lemonade BUSINESS? $100 START NO YES Have you ever worked in Do you consider yourself Do you have significant a business similar to what a leader and self-starter? capital available? you are trying to start? YES NO NO YES SORRY, you're not ready for self-employment! Are you willing to commit to long hours to make your Are you willing to invest most of your savings into business work? your business? NO Do you have a business plan? -YES YES NO NO BEARS COAN YES SORRY, you're not well prepared for self-employment. Are you prepared to lower business fills a specific EYES- your standard of living to establish your business? Do you know your Are you sure your planned target market? - NO market need? NO YES YES NO Do you know where to Do you know how to SORRY, find demographic data -NO prepare and interpret a balance sheet, income self-employment isn't for you! and information about your customers? statementand and cash flow statement? NO YES YES open for: BUSINESS SORRY, you're not well prepared for self-employment. CONGRATS, you're ready!

Should You Start Your Own Business

shared by alexwestgate on Nov 26
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A flow chart designed to test if you have what it takes to start your own business.

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