Business Link

by Jane Stevenson

Lots of people are contemplating starting their own business, but how do you know if you have the right skills?

Here are 10 questions you’ll need to ask yourself:

Do you create task-lists and systems? In any business, processes/systems are needed in order to prioritise.
Are you scared to take a risk? Entrepreneurs take calculated risks based on potential of what they can achieve. To move forward, you need to do new things
Is your spouse on board? Family will be affected by your choice – and need to support your initiative.
Are you prepared to give up your lifestyle for some time? Working for yourself isn’t easier…it may offer flexibility but usually means working longer hours.
Are you able to manage your energy level? Being everything to everyone takes it out of you and there is a tendency to run out of steam/motivation. Make the time to find the balance and recharge yourself to ensure you are sustainable.
Are you good at turning your ideas into action? Dare to dream – but live the dream too – make it happen!
Are you passionate about your business idea? People are able to see right through someone who has no passion … equally they thrive on the company of someone who has oodles of passion.
Do you have experience at leading a team? Your business cannot grow if you cannot delegate! You need to trust in others to do the tasks that you may not be good at (e.g. financials) … so you can concentrate on your core business. Keeping your team motivated and inspired is also a challenge that requires your energy and time.
Are you prepared to continue learning? We often think of training for everyone else but ourselves. Be prepared to constantly learn, research and improve yourself and your business.
Are you able to ask for help? The greatest sign of strength is to seek help. Even the top Guru’s have mentors. Find someone who inspires you; whom you can trust and use them as your sounding board.