Some vital questions

Let’s be honest about the matter –Do you know how to run a business? If you have worked closely with the owner or operator of a small enterprise for sometime you probably have a better grasp of how to run a business than many of the highly respected managers of corporate departments. This is due to their frequently having become specialist in their own divisions and seldom having direct involvement with the many other functions of the company. Of course, the corporations often provide training programs and strive to acquaint managers with the nature and responsibilities of other department as part of the career advancement planning. But, when a business is yours, all the activities and obligations land on your desk –possibly before you even have one. Adhere to the motto: “Be Prepared”.

Pessimism cannot be an attitude if you are serious about pursuing your business interest. How ever you must be realistic about what you really know and what you will likely need to know as you approach the commitment to a venture. At the least you should be able to express your knowledge and capabilities when meeting with your investors, prospective participants, potential staff and industry colleague. A mean of looking at what is already in your experience and knowledge memory bank can be undertaken by asking your self a few questions and checking the YES and NO boxes, along with making any relevant for reference.

Now add up the YES and NO answers for totals. If there are more than six NO answer you should be doing some studying before progressing much further. If there are more than NO answers, you should really be considering whether you are ready at all to commence an enterprise. However, that may be the good news.