"The real secret to making money and reaching financial independence is not staying an employee, but starting your own business and quickly developing it." - Camaron Corr.
Do you have enough money to get started?
Beyond what it costs to start your new business, do you have enough cash to carry you through the first six months? Is there a second income in the family that will sustain you during start up? If you are on your own and this will be a full time start-up do you have six months of cost of living saved?
Can you start by running my business part-time?
This way you keep a steady income while you build your business.
Do you have a written business plan?
The written plan will help to keep you focused. You will have a road map to follow and know when milestones should be reached. No matter what business on web site tht has excellent business plan is Business Plans 4 Your. This and other journeys do much better with a good "road map".
True success may be more than 2 years in the future?
With a traditional plan it can take between 3 and 5 years. But even with a franchise or a good MLM it can be slim pickings for many months and two years is not uncommon.
Are you known in your community?
Are you an expert in your chosen field? If so, these are areas that can help you market your ideas and your business, raise money, and attract customers. If not, this will make your work even more difficult.
Are you proficient with computers - billing, taxes, and record keeping?
If you're not comfortable, you should make sure you have enough money to pay someone who can handle these things. Again, a franchise or MLM is set-up to help in this area.
Do you have a professional network of supporters?
If so, these are the people you'll be counting on to spread the word about your business and help you find customers and funders. If not, this will make your work even more difficult.
The Bottom Line
Are you self-motivated, confident, with a strong vision and ability to make decisions? The training and support of a GREAT MLM or franchise is the help that can move you over and beyond this hurdle.
Here are just some of the reasons self-employment could be good for you:
Have the flexibility to work your own hours
You can choose to work from home
Leave corporate politics behind
The possibility is you will make more money
Have the satisfaction of seeing your ideas succeed
